An administrator has been appointed at Claim Central Property, which has stopped trading.
Claim Central was founded in Sydney in 2000 by Brian Siemsen and also has offices in the US, New Zealand and South Africa.
Mr Siemsen told insuranceNEWS.com.au the Australian property business, which manages assessment, restoration and repairs under the brands Claim Central Property and Helio Restoration, entered voluntary administration after exploring different paths and holding unsuccessful sale talks.
The move reflects a tough environment across the construction and insurance sectors, he says.
“Like many in the industry, we’ve been navigating extraordinary pressures: rising costs, supply chain strain, and a prolonged benign catastrophe…