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 period that’s put real margin pressure on insurance-contracted work.

“It’s been a really challenging mix, but we’ve worked hard to find a sustainable way forward in the best interests of our people, clients and partners.

“Our focus now is on supporting our people and customers through this transition and ensuring the best possible outcome for everyone involved.”

The administrator is Olvera Advisors. A creditors’ meeting will be held on October 29 to discuss options for the business. This affects Claim Central, Claim Central NSW, Claim Central Queensland, and Claim Central Property.  

Mr Siemsen also founded Wilbur Technologies, which was separated and capitalised earlier this year as a standalone business and continues to operate independently.

He says it is “in a strong position heading into next year”, backed by investors.

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