Press Release—How Hybrid Evolved
April 12, 2011
“This acquisition is a significant step for ACAG to enhance its existing suite of specialty services allowing our clients to best serve their customers” said Mike Bivona, CEO of American Casualty Audit Group. “We are excited by the prospect of having Beacon Recovery’s business join ACAG’s business model. Through this transaction we have strengthened our company fortifying our position in the marketplace.
ACAG’s business model, approach and technology remain intact. The increased capacity and expertise will result in added depth to the company’s repository of knowledge and recovery services now available to clients.
The acquisition is part of ACAG’s’ long-term strategy to continually exceed our clients’ needs, provide thought leadership to the industry and broaden opportunities within the market. ACAG will maintain its home office in Sarasota, FL, but will look for presence in target markets in the near future to give access to key clients in the different regions. As a result of this acquisition, ACAG and Beacon Subrogation will further be known as Hybrid Claims Group—The coming together of two separate entities to make one superior entity. The new name choice was perfect. Visit Hybrid Claims at www.hybridclaims.com
About American Casualty Audit Group
ACAG is a service provider specializing in specialty desk reviews, property files and consultation services serving U.S. auto insurers, self-insured’s and municipalities in all 50 states. ACAG was founded in 1998 and has compiled a vast library of best practices in the area of auto, heavy equipment and diminishment of value. As a niche provider, ACAG possesses a significant competitive advantage due to its size, strength and capacity.
About Beacon Subrogation and Recovery
Beacon Subrogation is a leading global provider of subrogation services. Through its niched Heavy Equipment footprint in the US market, Beacon delivers distinctive client value via innovative and effective subrogation claims management. Beacon’s industry-leading global resources and technical expertise are evident in everything they do.
Our Work Gets Noticed
Hybrid Claims Group has been recognized by the prestigious A.M. Best Company as an Expert Service Provider for the last 20 years, and we’ve been re-inducted for 2020! We’ve also received many other awards and accolades from insurance industry groups and organizations. Learn more →
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