Tag: announcement

SubroIQ Strengthens Its Position in the P&C Subrogation Industry with Strategic Acquisitions of SecondLook, LLC and Vengroff Williams SA

Posted on by Lauren Clark

FOR IMMEDIATE RELEASE – ITASCA, IL- August 4, 2023

SubroIQ, a leading provider of subrogation identification and recovery solutions and a proud member of the ARMStrong Receivables Management (RM) family, is pleased to announce the acquisition of two prominent P&C Subrogation companies, SecondLook, LLC, and Vengroff Williams SA. These strategic acquisitions mark a significant milestone for SubroIQ as it fortifies its position as the leader in P&C Subrogation.

The acquisition of SecondLook, LLC, a well-established company known for its missed subrogation analytics and no-fault subrogation solutions, further enhances SubroIQ’s capabilities in identifying and pursuing subrogation opportunities with unmatched precision and efficiency.

Additionally, the acquisition of Vengroff Williams SA, a trusted name in the subrogation services industry, will further bolster SubroIQ within the uninsured motorist subrogation segment.

Mike Baldwin, CEO of ARMStrong RM, commented “We are thrilled to join forces with SecondLook, LLC, and Vengroff Williams SA. These strategic moves reflect our commitment to delivering the most advanced and effective P&C Subrogation solutions to our clients. By combining the strengths of these exceptional companies with SubroIQ’s existing expertise, we are positioned to provide unparalleled value and innovation to the industry.”

Norm McKnight, COO of SubroIQ, also shared his enthusiasm, remarking, “The addition of SecondLook, LLC, and Vengroff Williams SA to the SubroIQ family strengthens our ability to deliver superior results for our clients. We are confident that our combined resources, talent, and technology will elevate our services to new heights, making us a force to be reckoned with in the market.”

For further inquiries or to learn more about the comprehensive subrogation capabilities offered by the combined organization, please visit www.subroiq.com or click the Contact button at the top of the page.

 

About SubroIQ:
SubroIQ, a member of the ARMStrong RM family, is a leading provider of P&C subrogation identification and recovery solutions. Through cutting-edge technology, advanced analytics, and a dedicated team of professionals, SubroIQ delivers exceptional results for its clients.

Merger Announcement

Posted on by Lauren Clark

June 21, 2021

ITASCA, IL — Brown & Joseph, LLC and Recovery Partners, LLC, are proud to announce that they have merged their companies to strengthen the portfolio of subrogation services currently offered to the P&C insurance industry. The Recovery Partners team will be paired up with Paragon’s SubroIQ team, another recent acquisition of Brown & Joseph, to maximize customer benefit.

Mike Baldwin, CEO at Brown & Joseph, comments, “We are very proud to welcome the Recovery Partners team to the B&J/SubroIQ team. The Recovery Partners team has built an industry-leading brand with a relentless focus on innovation and on driving superior results on behalf of their valued clients. In addition, the Recovery Partners culture of respect for all team members is a perfect match with the values and culture of B&J/SubroIQ”

Ben Lewis, CEO at Recovery Partners, adds, “We are excited to enter into this partnership with Brown & Joseph/SubroIQ, a team that shares our values and culture. Recovery Partners and SubroIQ are a natural fit. SubroIQ has a proven suite of best-in-class front-end subrogation recovery services. Coupling their services with Recovery Partners’ expertise on back-end UM subrogation collections will provide carriers with a comprehensive platform that will maximize recoveries at all stages of the subrogation process.”

There are no plans to change any aspects of any client’s relationships at either Brown & Joseph, Paragon, SubroIQ, or at Recovery Partners. All direct and indirect aspects of supporting clients will remain the same.

The existing relationship between SubroIQ and Recovery Partners is significant as they have been highly valued business partners since 2017. Both companies are also long-standing members of the National Association of Subrogation Professionals (NASP), proving their focus and investment in the subrogation industry.

Please use the Contact button at the top of the page or visit www.recoverypartners.com if you have any questions and/or would like to learn more about the subrogation capabilities of the combined organization.