Agrical is pleased to announce it has merged with leading international loss adjusters, McLarens.
Now trading as Agrical, a McLarens Company, the business will continue to operate independently but now as a fully owned entity within the McLarens group. Agrical retains the same management team and staff who have been integral to the success of the business thus far.
The move elevates McLarens to become the largest UK niche commercial loss adjusting business, in addition to creating a significant platform for expansion into the agriculture and related markets across McLarens’ global footprint.
Since formation in 2002 Agrical has had a core focus on agricultural claims but has since expanded into complementary markets including estates, commercial leisure, renewable energy and high net worth with 50 staff across 22 UK locations. The merger will enhance the commitment to the continued servicing of these core sectors.
Mike Collins, Agrical Chief Executive, said: “There are many similarities between Agrical and McLarens in style, structure and ethos. Like McLarens, we have built our reputation on traditional specialist loss adjusting.
I am delighted that we will be joining a strong team at McLarens. Our client offering will be enhanced by having access to McLarens’ global network and broad range of expertise, and we will continue to be second to none in our chosen field. For us it is very much business as usual – the same people doing the same thing that we are known for across the market. The Agrical brand has gained an enviable reputation and we aim to build and develop this further still”
Trevor Latimer, McLarens’ Managing Director, said: “Since relaunching the UK business in 2006, we have focused very much on organic growth and in that time, have opened a further 13 offices across the UK and Ireland seeing revenue increase 12 fold.
It is clear in my mind that there is a significant appetite for our model. We retain a commitment to specialising in commercial loss adjusting, bringing true added value whilst distancing ourselves from trailing supply chain solutions which bolster revenue but create so many obvious strategic and ethical conflicts.
One of our key strategic objectives is to be recognised as the leading provider of niche technical loss adjusting services across the broader spectrum of loss adjusting, not just in the general commercial market, but in specialist product lines too. With Airclaims, we acquired the market leader in the aviation market. For agri related claims – it is Agrical.
Agrical operate a traditional practitioner led model, as do we, focusing on technical loss adjusting, in a very distinct market with a very savvy and loyal client base. We are thrilled to be merging with such a well respected and renowned firm. “