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You are here: Home / Archives for Insurance Auto Auctions

IAA Appoints Michael Sieger to Board of Directors

April 29, 2022 By CollisionWeek Editor Leave a Comment

Board forms operations committee. IAA, Inc. (NYSE:IAA), a leading global marketplace connecting vehicle buyers and sellers, today announced that it has appointed Michael Sieger to its Board of Directors, effective immediately as of the conclusion of the Company’s 2022 annual meeting of stockholders. As a result of the appointment, IAA’s Board will expand to 10 […]

Filed Under: News Tagged With: Board of Directors, Insurance Auto Auctions, People

IAA Expands Branch in Central California

April 19, 2022 By CollisionWeek Editor

IAA, Inc. (NYSE: IAA) announced the expansion of the IAA Fresno (CA) branch. This investment increases the branch’s capacity by over 50% to support additional client needs in the area. The San Joaquin Valley is a key market, and this expansion further solidifies IAA’s commitment to its buyer and seller clients. “Expanding the IAA Fresno […]

Filed Under: News Tagged With: California, Insurance Auto Auctions, Openings

IAA Expands Illinois and Iowa Branches

March 30, 2022 By CollisionWeek Editor

IAA, Inc. (NYSE: IAA) announced the expansion of branches in Iowa and Illinois. Capacity has doubled at the IAA Des Moines (Iowa) branch and IAA St. Louis (Ill.) has increased capacity by approximately 30%. The expansions will help to meet increased demand in the growing Midwestern market. “The branch expansions in Illinois and Iowa will […]

Filed Under: News Tagged With: Illinois, Insurance Auto Auctions, Iowa, Openings

IAA Announces New Global Market Alliance Auction Center in Ghana

March 21, 2022 By CollisionWeek Editor

IAA, Inc. (NYSE: IAA) announced a new market alliance agreement with Boacon Autos in the country of Ghana. A new IAA Auction Center there will complement the existing location in Lagos, Nigeria. Staff at these physical centers will help buyers learn about IAA and submit bids, as well as receive assistance with transportation, shipping, custom […]

Filed Under: News Tagged With: Africa, Ghana, Insurance Auto Auctions, Openings

Investor Calls for Leadership Change at IAA, Inc.

March 16, 2022 By CollisionWeek Editor

Ancora letter to IAA’s Board of Directors asserts new senior leadership is needed for the company to grow or the company should be sold. Ancora Holdings Group, LLC that together with affiliates owns approximately 2% of IAA, Inc. (NYSE: IAA) outstanding common stock has called for new leadership at the auction firm, or failing that, […]

Filed Under: News Tagged With: Ancora Holdings, Insurance Auto Auctions

IAA Expands Market Alliance Network in El Salvador

March 15, 2022 By CollisionWeek Editor

IAA, Inc. (NYSE: IAA) announced that it has expanded its market alliance network in El Salvador with Trans-Auto S.A. de C.V. This business will operate an IAA Auction Center in the center of the capital city, San Salvador. They will help buyers in the area register with IAA, bid on and pay for vehicles, transport, […]

Filed Under: News Tagged With: Agreements Signed, El Salvador, Insurance Auto Auctions, Openings

IAA Receives Final UK Regulatory Approval of SYNETIQ Acquisition

March 3, 2022 By CollisionWeek Editor

IAA, Inc. (NYSE: IAA) today announced that the UK’s Competition and Markets Authority (CMA) has cleared IAA’s acquisition of SYNETIQ Ltd., an integrated salvage and vehicle dismantling company in the United Kingdom, for £225 million ($301 million). The businesses were previously required to be held separate under an initial enforcement order (IEO) issued by the […]

Filed Under: News Tagged With: Acquisitions, Insurance Auto Auctions, United Kingdom

IAA Expands Branch and Breaks Ground on New Branch in California

February 25, 2022 By CollisionWeek Editor

IAA, Inc. (NYSE: IAA) announced that it has completed a branch expansion at IAA Fontana and has broken ground on a new branch to meet growing demand in Southern California. The new IAA Los Angeles North branch will offer state-of-the-art facilities to support increased customer capacity needs.  “This expansion and new branch will bring needed […]

Filed Under: News Tagged With: California, Insurance Auto Auctions, Openings

IAA Secures Ground for New UK Branch in Bristol

January 26, 2022 By CollisionWeek Editor

IAA, Inc. (NYSE:IAA) announced that it has secured ground for the construction of a new full-service facility in Bristol, located in the southwest region of the United Kingdom. The additional capacity resulting from the new location will help to meet growing demand in the region. “The Bristol branch demonstrates IAA’s strong, ongoing commitment to investing […]

Filed Under: News Tagged With: Insurance Auto Auctions, Openings, United Kingdom

IAA and Fastlane Partner to Streamline Total Loss Claims Settlements

November 18, 2021 By CollisionWeek Editor

IAA, Inc. (NYSE: IAA) announced a strategic industry partnership with Fastlane, a process automation technology company, to leverage its LossExpress solution, a secure platform that connects insurers with the largest active lienholder network in the United States. As the exclusive salvage provider partner to Fastlane, IAA is now positioned to become the first salvage company […]

Filed Under: News Tagged With: Agreements Signed, Insurance Auto Auctions, Total Loss

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