Loss adjusting specialists Maxson Young Associates and McLarens International Group have entered the final phase of their merger.

The newly formed McLarens Young International is set to launch a combined worldwide loss adjusting and claims management service.

Peter Tinsley, chief executive of McLarens International Group, said: "Our merger creates a world-class organization that combines global reach with the ability to respond individually to our clients' needs."

Vernon Chalfant, chairman and chief executive officer of Maxson Young Associates, said: "The full integration and merger of our two companies reflects our commitment to delivering long-term value to our clients on a global basis.

"We were greatly aided by the fact that both companies are employee-owned with similar corporate cultures and complementary organizational structures, employing some of the leading practitioners in the field."

Topics