Criterion Adjusters sold to Charles Taylor Adjusting

Insurance loss adjuster Charles Taylor Adjusting (CTA) has acquired Initium client Criterion Adjusters (Criterion) in a move to enter the high-net worth adjusting market.

CTA said the acquisition would grow its presence in specialist property & casualty loss adjusting markets, alongside its global market leading positions in the aviation, energy and marine loss adjusting markets.

Criterion is a prominent player in the high net worth (HNW) sector and handles a significant share of the UK’s HNW property, fine art and antique-related claims, as well as being the preferred loss adjuster to many specialist HNW insurers.

The HNW sector and its insurers are demanding in terms of both technical knowledge and service standards; this makes Criterion a good fit with CTA, which focuses on higher value, technical work where expertise is valued.