|By Business Wire||
|December 4, 2013 08:39 AM EST||
GlobalOptions, Inc. (GLOI-UK, Ltd), a leading global provider of Special Investigative Unit Services to the insurance community announces the completion of its purchase of UK based surveillance firm, CSB (Claims and Surveillance Bureau). CSB provides coverage throughout the UK for all levels of enquiry; employing a national field force of expert claims consultants, surveillance operatives and fraud investigators, all of whom remain with the business going forward.
GlobalOptions also announces the appointment of Steve Cook, former Managing Director of CSB as the Director of UK Operations. Steve comments, “The partnership created between CSB and GlobalOptions in January 2013 has been hugely beneficial for both organizations and with the alignment of our existing UK operational capabilities with their advanced proprietary investigative case management system GlobalTrak™ now complete, I am extremely excited to conclude the long term strategy of my team and I joining the largest dedicated provider of investigative services to the global insurance industry.”
Steve continues, “The overwhelming positive reaction from our clients to the benefits GlobalTrak™ provides them in terms of efficiencies and security of data and product delivery is clear, and at a time of intense interest from insurers on the conduct of Private Investigators in the UK, it is comforting to know that we have the technology and expertise to demonstrably meet and exceed new compliance measures now in place.”
"This acquisition marks an important step in the company’s ongoing expansion into the United Kingdom's insurance investigation industry, and compliments our international acquisition and growth strategy," said Frank Pinder, President and CEO of GlobalOptions. “Throughout our partnership, CSB has demonstrated their professional competence and we look forward to continuing to provide the best solutions to address fraud in the United Kingdom and on an international level. CSB continues to be an integral part of implementing comprehensive counter fraud programs to reduce the cost of insurance fraud for consumers in the United Kingdom through the management of all investigations through GlobalTrak™. As indemnity costs continue to rise, GlobalTrak will dramatically increase the speed of decisions on potentially fraudulent claims and give them the required metrics to better predict fraud trends across all lines of business.”
About GlobalOptions, Inc.
GlobalOptions, Inc., headquartered in Orlando, FL, with offices in London, Glasgow, Philadelphia, Chicago and Sacramento, CA, is the international leader in providing structured outsourced SIU solutions. The Company offers a wide variety of investigative products and services to insurance carriers, self-insured corporations, and third-party administrators. GlobalOptions provides quality field investigations, instantaneous access to public records, comprehensive SIU programs, strategic counter-fraud planning, innovative educational courses, integrated Internet-based technologies and counter-fraud coordination services. For more information, visit: www.globaloptions.com.