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Sources said Piper Sandler will run the auction for the CIVC-backed firm.
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Regular adjusters multiples are in the high-single to low teens.
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Earlier this month this publication revealed that Aquiline was seeking a buyer for Accuserve.
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Sources said the process will target buyout firms and will not be open to trade bidders.
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The deal comes after Insurvia was seeking a new sponsor.
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The PE firm put SCM up for sale last year.
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Sources said that Jefferies and Waller Helms have the mandate.
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Last year, this publication revealed Rimkus had retained JPMorgan to run a strategic process.
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TIH CEO John Howard said the deal positions TIH for continued growth.
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Last year, this publication revealed that TPA SCM and Rimkus launched sales processes.
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Overall broking M&A activity decreased to 782 takeovers from 1,031 deals in 2022.