TRISTAR Claims Management Services has completed the acquisition of FiRMS Claims Services (FCS), a Hawaii-domiciled third-party administrator.
TRISTAR, which provides services in property & casualty claims and benefits administration, works closely with captives and the alternative market in the Unites States.
FCS services the Hawaii marketplace and has been acquired from First Insurance Company of Hawaii, Ltd (FICOH).
“We are excited to welcome the FCS team to the TRISTAR family. Similar to Matrix, a previous acquisition of ours, FiRMS is a Tokio Marine subsidiary and, therefore, part of an organization with whom we share common values,” Tom Veale, President of TRISTAR.
“We now have full claims handling capability for auto, liability, workers compensation, and disability in Hawaii, making TRISTAR one of the few companies with direct employees handling claim files in all 50 states.”
The new Hawaii team will report to Mark Antonson, Senior VP of the Western Region at TRISTAR.