iv3 Solutions Merges With Canadian Underwriting Services
Merger Creates The Second Largest Provider of Unique Property Information To Canada's P&C Insurance Industry
Toronto, Ontario, August 3, 2010 - On July 28, 2010, inspection and loss control provider iv3 Solutions announced it had merged with Canadian Underwriting Services (CUS). The merger creates the second largest provider of unique property information, inspection and loss control services to Canada's property and casualty insurance industry.
Says iv3's Executive Vice President, David Newall: "We view this venture as a partnership, rather than an acquisition. CUS has valuable insurance inspection and loss control experience as well as an incomparable reputation for service excellence. iv3 prides itself on its innovation through technology which provides the marketplace with real time access to unique property information. Together, we can offer our combined customer base enhanced services and faster turnaround times. It's 'win-win' for all stakeholders."
The goal of the partnership is to create North America's largest inspection and property data services company within the next five years. To achieve this goal, iv3 will leverage its agile technology development methodology and CUS' trusted brand within the insurance industry. CUS/iv3 will provide its customers with access to unique property data on up to 6 million properties in Canada by 2011.
According to Angelo Grossi, President of CUS, "I'm confident the new organization will provide exceptional value for Canadian insurers and I'm excited about the new products and services we can leverage. Overall, the integration will be seamless and all of our customers' key points of contact will remain the same."
About iv3 Solutions
iv3 Solutions is a Canadian-based, technology driven inspection and loss control solutions provider. The organization provides unique property data, real time property reporting tools and a field services inspection network to North American property and casualty insurers. iv3 is headquartered in Toronto, Ontario, with regional offices in Montreal, Calgary, and Chicago. iv3 is a wholly-owned subsidiary of Real Matters.
About Canadian Underwriting Services
Established in 1977, CUS provides insurance inspection, risk management and loss control services to Canadian P&C Insurers. CUS is renowned for its exemplary Quality Assurance, and for providing its customers with the most accurate inspection reports, and the highest quality of customer service in the Canadian marketplace.
Contact:
Brent Artemchuk
Director, Corporate Marketing & Communications
Real Matters
(905) 695-3969
bartemchuk@realmatters.com