Latitude Capital Solutions

What Latitude Capital Solutions does

Latitude Capital Solutions, LLC is a privately held, founder-controlled financial services firm headquartered in Bloomfield Hills, Michigan, that purchases subrogation and recovery rights from insurance carriers and self-insured entities. The company monetizes under-performing or uncertain recovery portfolios by providing upfront capital in exchange for those rights, effectively transferring recovery risk from the seller. Its core offerings include Subrogation Asset Strategy and Alternative Risk Transfers, delivered through a three-step process: an initial outsourcing arrangement with the affiliated Latitude Subrogation Services, LLC to align interests and evaluate the portfolio; an Anticipated Recovery Value (ARV) scoring of the portfolio; and a binding bid to purchase the recovery rights, sometimes structured with advance funds and gain-sharing on backend collections.

The business operates as a vertically integrated capital-plus-servicing platform. Latitude Capital Solutions provides the capital and transaction structuring, while its affiliate Latitude Subrogation Services, LLC executes the underlying recovery work as the subrogation servicing vehicle. The group is anchored by affiliated law firm Hertz Schram PC, founded by Managing Member Bradley Schram in 1979, which provides legal infrastructure across corporate, banking, and creditors-rights matters. Day-to-day operations are led by President & CEO Jon Coscia (17 years of insurance experience) and Chief Claims Officer Paul Webb (27+ years, CSRP-certified, the firm's first employee).

The go-to-market motion is relationship-driven enterprise sales targeting U.S. insurance carriers and self-insured entities, with industry presence through NASP, NAMIC, PLRB, RIMS, and the AM Best directory. Pricing is transaction-based and quote-driven rather than published; no standard pricing tiers are disclosed. Revenue mechanics mix upfront payments for recovery rights (a one-time purchase) with managed-services-style subrogation outsourcing via the affiliate. The firm has operated continuously since 1997 without disclosed external funding, M&A activity, or leadership turnover beyond the existing executive team.

Name

Latitude Capital Solutions

Legal name

Latitude Capital Solutions, LLC

Website

https://latitudecap.com

Company type

Private

Founded year

1997

Operating status

Operating

Headcount range

51–100 employees

Short description

Latitude Capital Solutions, LLC purchases insurance subrogation and recovery rights from carriers and self-insured entities, providing upfront capital while affiliated Latitude Subrogation Services handles collections and recovery operations.

Ownership category

akta.pro rank

Product category

Insurance Subrogation & Recovery Capital Solutions

NAICS

Collection Agencies (56144)

akta.pro primary industry

Debt Buying / Portfolio Acquisition & Recovery (Debt Purchasers) (BPAAAEAG)

akta.pro secondary industry

Collections & Recoveries Operations (Delinquency, Workout Support) (FSABALAN)

Keywords

• Subrogation services
• Recovery rights purchasing
• Insurance capital solutions
• Alternative risk transfer
• Insurance collection outsourcing

Headquarters

HQ city

Bloomfield Hills

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D

Revenue model

1. Recovery Rights Purchase: Companies sell their recovery rights (subrogation claims) to Latitude Capital Solutions for an upfront payment. The company then handles collection and retains recovered amounts. Modifications may include examining closed files and future recoveries with gain-sharing on the back-end of collection.
2. Subrogation Outsourcing Services: Comprehensive subrogation recovery services provided through affiliated entity Latitude Subrogation Services, LLC.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels2 records

Core offering

Latitude Capital Solutions, LLC purchases subrogation recovery rights from insurance carriers and self-insured entities, providing upfront capital in exchange for those rights. The company uses a proprietary Anticipated Recovery Value (ARV) scoring methodology to value portfolios and issues upfront bids for recovery rights, with optional gain-sharing arrangements on backend collections. Collection and recovery operations are handled by the affiliated entity Latitude Subrogation Services, LLC.

Product overview

Latitude Capital Solutions operates as a unified financial services platform offering insurance companies capital solutions for liquidating recovery assets. The core offering consists of Subrogation Asset Strategy and Alternative Risk Transfers, enabling monetization of under-performing assets. The company works in conjunction with its affiliate Latitude Subrogation Services, LLC, which provides the subrogation servicing infrastructure. The portfolio is delivered through a structured three-step process: Agreement, ARV scoring, and Bidding.

Differentiator

Problem solved

Functional benefit

Products and services

• Latitude Capital Solutions Recovery Rights Purchase Core offering that enables insurance carriers and self-insured entities to liquidate recovery assets without incurring collection costs or risk. Provides upfront capital bids for subrogation recovery rights with optional gain-sharing on backend collections.
• Subrogation Asset Strategy Service that enables insurance entities to monetize subrogation assets by selling recovery rights to a third party, effectively transferring the uncertainty and risk of recovery.
• Alternative Risk Transfers Innovative financial solution for the insurance market that monetizes under-performing assets and enhances revenues, providing profitable alternative risk transfer options.
• Latitude Subrogation Services, LLC (Subrogation Outsourcing) Affiliate company providing comprehensive subrogation outsourcing services as a national leader, serving as the subrogation servicing vehicle for purchased claims. Companies may also engage Latitude Subrogation Services directly as an outsourcing arrangement before pursuing a capital solution.

Quantifiable outcome

• Monetizing under-performing assets and enhancing revenues through alternative risk transfer

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Five partnerships are on record, tiered core and minor.

• Latitude Subrogation Services, LLCcoreStrategic or Co-development PartnerAffiliated company that provides comprehensive subrogation recovery services. Companies interested in capital solutions may start with an outsourcing arrangement with Latitude Subrogation Services to align interests and understand true portfolio value. This is the primary subrogation servicing vehicle for purchased claims.
• NAMIC Arbitration ServiceminorStrategic or Co-development PartnerCorporate affiliate providing arbitration services related to insurance subrogation matters.
• NASP (National Association of Subrogation Professionals)minorStrategic or Co-development PartnerCorporate affiliate association providing industry standards and professional network for subrogation professionals. Company leadership is active members.
• AM BestminorStrategic or Co-development PartnerCorporate affiliate providing insurance ratings information and directory services.
• Hertz Schram PCminorStrategic or Co-development PartnerAffiliated law firm established in 1979 with 30 attorneys specializing in securities law, real estate, banking, corporate and finance, estate planning and creditors rights. Managing Member Bradley Schram is President and largest shareholder.

Scale indicators3 records

Expansion highlights3 records

Broad incumbents

• Encore Capital Group: Publicly traded debt buyer and recovery services provider with operations in the U.S., Europe, and Latin America. Compares to Latitude on the capital-deployment/purchase of receivables side, but is significantly larger and diversified across consumer credit portfolios rather than insurance subrogation.
• PRA Group (formerly Portfolio Recovery Associates): Publicly traded purchaser of defaulted consumer receivables at scale, operating a global debt-buying model. Comparable to Latitude's recovery rights purchase motion, though PRA focuses on consumer credit rather than insurance subrogation and operates at materially greater scale.

Direct peers

• National Credit Systems, Inc. Privately held recovery and portfolio acquisition firm that purchases and services charged-off receivables. Comparable to Latitude Capital Solutions on the debt purchase / recovery rights acquisition model and the outsourced recovery services offering.
• Coast Professional, Inc. Privately held provider of collection services and asset purchasing across education, government, and commercial receivables. Comparable to Latitude on the recovery rights purchase and managed services revenue model, though Coast focuses on student and government receivables rather than insurance subrogation.
• Windham Professionals: Privately held recovery services firm offering first- and third-party collections across education, government, and commercial portfolios. Comparable to Latitude in offering transaction-based recovery and capital-driven portfolio solutions, though Windham operates outside insurance subrogation.
• The CMI Group: Privately held subrogation and recovery services firm serving insurance carriers and self-insureds. Closely comparable to Latitude Subrogation Services on the recovery outsourcing and claim handling capabilities for insurance buyers.
• Sherman Financial Group: Privately held debt purchaser that buys and services charged-off consumer receivables. Closely comparable to Latitude Capital Solutions on the recovery rights purchasing model and transaction-based revenue approach, although Sherman focuses on consumer credit rather than insurance subrogation.
• Credit Control LLC (CCL): Privately held debt collection and recovery firm offering contingency and portfolio acquisition services across financial services, healthcare, and government verticals. Comparable to Latitude on outsourced recovery services and portfolio purchasing economics.
• Caine & Weiner Company: Privately held provider of third-party collections and recovery services to insurance carriers and self-insureds, including subrogation. Comparable to Latitude on the subrogation outsourcing side and on serving insurance buyers of recovery services.
• Transworld Systems (TSI): Privately held provider of recovery and outsourced receivables management services across multiple verticals. Comparable to Latitude on the third-party recovery services side, with broader consumer and commercial exposure rather than insurance subrogation specialization.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/100050448799355
• LinkedInlinkedin.com/company/latitude-subrogation-services

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Latitude Capital Solutions