Insurance merger sees growth potential for aviation services in Middle East

Both companies will continue to operate under their own well established brands but Airclaims will now become a fully owned entity operating within the McLarens Young International group.

In a statement McLarens said the partnership “facilitates an integration of knowledge and expertise, creating a significant platform for expansion in the sector. This will allow for the provision of a far broader range of services to existing and prospective clients in the aviation and insurance sectors.”

The Middle East has been identified as one of the key regions for growth.

Vern Chalfant, CEO of McLarens Young said: “This merger is part of our long term strategy of growth – both organically and by acquisition - in key markets across the globe. Aviation is an ideal sector for MYI – a global market, dominated by a small number of niche players, which requires a very technical approach to loss adjusting. Airclaims is the world leader in this sector, so this was a natural fit for us.”