Cornell Capital buys claims services firm Hancock, betting on insurance outsourcing

What's the deal? Private investment firm Cornell CapitalDealroom has a profile for this one. Try Dealroom → has acquired Hancock Claims ConsultantsDealroom has a profile for this one. Try Dealroom →, a national provider of outsourced claims field services for residential property and casualty insurers. Terms were not disclosed. Cornell Capital, which manages roughly $5 billion in assets and has offices in New York and Hong Kong, announced the acquisition on September 22, 2026.

What does Hancock do? Founded in 2003 and based in Alpharetta, Georgia, Hancock operates across 48 states through more than 1,000 field technicians. It helps large homeowners carriers cut claim cycle times and manage loss adjustment costs, offering inspections, contents valuation, estimating, and a repair network covering managed repair, water mitigation, tree removal, and engineering.

What's the endgame? Cornell Capital plans to invest in Hancock's proprietary technology platform, expand adjacent service lines, and pursue add-on acquisitions across the claims services ecosystem. Founder and chairman Brad Hancock will remain invested in the company.

Why Hancock? The firm frames the deal as part of its focus on category leaders in financial services. "We have followed the outsourced claims services space closely for years and Hancock stands out as a clear category leader," said Emily Pollack, partner and head of financial services at Cornell Capital.

The signal: The deal points to steady private-equity interest in the insurance ecosystem, where investors are consolidating tech-enabled outsourced services that help carriers cut costs and speed claims.

Read more: business.thepilotnews.com

Image credit: Generated with Gemini