Crawford & Company, a provider of claims management solutions, has agreed to sell its 51% stake in Lloyd Warwick International to global independent insurance services provider McLarens.
LWI is a global multi-disciplined loss adjusting and claims management company with a team of nearly 50 adjusters providing a range of engineering, forensic and technical claims support services to the global insurance industry.
Headquartered in the City of London, LWI serves its global clients through offices in the UK, Europe, the Americas, Middle East, Asia Pacific, and South Africa.
Crawford says that this sale was a carefully considered strategic decision and that LWI was the only loss adjusting brand in the company’s portfolio that stood separate from Crawford.
“This sale allows us to simplify our loss adjusting brand structure and take a One Crawford approach to the market,” commented Andrew Bart, president of Crawford Global Technical Services.
“We remain committed to the energy sector and will now operate solely under the Crawford brand. Our focus on being the best experts for the most complex claims remains unchanged as we continue to deliver on our mission to restore and enhance lives, businesses and communities.”
LWI will merge with McLarens’ Natural Resources specialties services and will retain its head office in London.
The combined group will continue to conduct business under LWI’s brand and be led by Joe McMahon, chairman of LWI.
Matthew LeBrun will join the group and head Natural Resources in the Americas – a key area planned for expansion – and report directly to McMahon.
“The Lloyd Warwick International name, like McLarens, is globally recognized and associated with quality, technical expertise, and the best loss adjusting and claims management service,” said Gary Brown, CEO at McLarens.
“The company has a leading reputation in the energy and oil market internationally, which will transform McLarens’ footprint in the natural resources sector.
“Together, we will advance our strategy of offering a broader depth of loss adjusting and technical services, a wider range of insurance consulting solutions, and an enhanced ability to serve major complex claims in the onshore and offshore energy market.”