Broadspire Notes Recovery Services Deal with Subrogation Partners

Broadspire, a Platinum Equity company and a provider of casualty and disability claims management to companies in North America, has finalized a multi-year recovery services agreement with Subrogation Partners for that company to provide subrogation services to Broadspire clients.

Included as part of Subrogation Partners’ offering is a $100 million capital fund for purchasing portfolios of subrogation claims. This provides clients the option of immediately monetizing claims. This program creates liquidity for claims that have already perfected or those that will be future occurrences.

Broadspire services include workers’ compensation, auto liability, general liability and short- and long-term disability claim management services; Family Medical Leave Act administration; total disability management programs; field care and medical management services; and risk and safety consulting.

Subrogation Partners, is an independent provider of subrogation recovery outsource solutions for insurance enterprises, state agencies and corporate entities throughout the United States.