Crawford & Company
Experts claim average broker selling price falling
Graham Barr, who joined acquisitive broker CCV as chief operating officer in October, has said brokers are selling on average at less than 1.5 times their brokerage, with only unusual niche specialists selling for two times.
Crawford & Company posts record annual revenue despite Q4 slump
Crawford & Company has today reported annual revenue before reimbursements of $1.125bn (£709m), while net income attributable to shareholders increased by 60% to $45.5m (£28.7m) over the course of 2011.
Interview - Bobby Gracey & Dr James Lygate: The future of forensics
Despite an abrupt and fractious first meeting many years ago, Bobby Gracey and Dr James Lygate are now business partners. The duo explain their plans for growth and diversification at IFIC.
CILA launches young adjusters group
The Chartered Institute of Loss Adjusters has launched a special interest group for young adjusting and claims personnel.
Rival insurers remain committed to in-house adjusters despite Aviva move
UK insurers have affirmed their commitment to in-house loss adjusters, following the news that Aviva has transferred 80 of its claims staff to a G4S subsidiary.
Crawford to handle Oxford St flood claims
Loss adjuster Crawford & Company has confirmed it is handling claims arising from a burst water main on Oxford Street in London.
Gracey sets out charter for IFIC clients
One of Bobby Gracey’s first moves as the new CEO of forensics investigators International Fire Investigators and Consultants has been to draw up a charter guaranteeing services standards to customers.
Ex-Garwyn, Crawford and Cunningham staff launch new claims firm
A six-strong team of casualty claims experts has founded a new London Market-based consultancy called Applied Claims Consultancy.
Claims - Big freeze: Winter of discontent
The big freeze of late 2010 led to widespread criticism of adjusters and insurers — but have lessons been learnt for the future?
Philippines storm: Port cities hit by Washi devastation
A tropical storm in the Philippines has killed hundreds and caused flood damage to government infrastructure and commercial properties.
Thai floods: Crawford predicts claims disputes
Insurers could be lumbered with subrogation costs, reinstatement and difficulties calculating contingency business interruption claims from the Thailand floods.
Editor's comment: Impacting the market
Market-turning they may not be but market-impacting they evidently are. Revised loss estimates for the 1500 industrial units hit by the Thai floods have reached $20bn.
Claims club: Industry warned over 'slow and amateurish' police riot response
The insurance industry has been told to brace itself for “slow and amateurish” responses from police authorities to riot-related claim submissions.
Buckley Scott boss defuses sale talk with new hires
The chief executive of liability loss adjuster Buckley Scott has rebutted claims the firm is up for sale by announcing five new appointments.
Review of the year - Loss adjusting: Ups and downs
2011 was another rollercoaster ride in the loss adjusting sector, with claims surges, criticism from insurers, struggles with recruitment, and mergers and acquisitions.
Loss adjuster listings 2011
Now in its sixth year this study, although not an exhaustive review of the industry, shows that loss adjusters experienced a resurgence in turnover in 2010, almost back to the levels of 2008, as the insurance industry spent up to £770.9m (2008: £777.3m)…
Penny speed meets... Greg Gladwell, CEO Crawford & Company, UK & Ireland
Being an insatiable socialite, Penny Black is always eager to probe the personalities behind the professional veneer of her industry friends. What better way to squeeze in and share as many intimate revelations as possible than her very own ‘speed…
Stonepoint to reduce interests in Cunningham Lindsey and Lockton
Global claims management group Cunningham Lindsey and broker Lockton International are both looking at options that may see private equity giant Stonepoint Capital divest or reduce its interests in the groups, Post understands.
Roundtable - Global programme: Building successful global programmes
Delivering tailored coverage around the world is a boon for multinational insurers. However, keeping up with regulatory demands, both internationally and locally, can be be a strain. Post gathered a group of experts to debate the most pressing issues.
Crawford’s fraud buster Gracey quits
Crawford fraud boss Bobby Gracey, has resigned from the loss adjuster to become chief executive of Glasgow-based International Fire Investigators & Consultants.
Crawford’s nine-month income up 203%
Crawford has announced net income in its third quarter grew 18% to $15.3m (2010: $12,9m), taking the year to date’s net income to $40.9m, up more than 200% on the previous year’s $13.5m.
$3bn Thai flood losses set to escalate as city centre inundation begins
Loss adjusters have told Post there is a “whiff of Katrina” about the Thailand floods, following predictions the disaster could cost more than the estimated $3.3bn (£2.1bn) insured losses.
Broking supplement - Interview Toby Esser: Expansive thinking
Toby Esser talks about striking serious deals, his acquisitive ambitions and plans to penalise paper-lovers
Thai floods: Waters set to overwhelm Bangkok
Loss adjusters are preparing for the complete flooding of Bangkok as waters reach the centre of the city.