Crawford® Restructures Operations
(Thomson Reuters ONE) -
Crawford® Restructures Operations
ATLANTA (Nov. 24, 2015) - Crawford & Company®, the world's largest independent
provider of claims management solutions to insurance companies and self-insured
entities, today announced a new simplified operating structure. The new
structure is designed to capitalize on Crawford's competitive position; enhance
the firm's profitability; and align with the global market for insurance
companies, reinsurers, brokers, Lloyd's and the London market as well as self-
insured corporations. Effective immediately, the Company's business segments are
U.S. Property & Casualty, International operations, Broadspire® and Garden City
Group.
"The restructuring allows each operating division to adapt to changing market
needs with greater speed and flexibility while ensuring our CEOs are able to
devote more time to meeting our many clients' needs in a competitive claims
environment," said Harsha V. Agadi, Crawford interim president and CEO.
Ian V. Muress, previously head of Europe, Middle East, Africa & Asia Pacific,
has been given additional responsibility for Canada and Latin America and has
been appointed CEO, International operations. The remaining business unit heads
will retain their current roles: Larry Thomas, CEO, U.S. Property & Casualty
and Contractor Connection; Danielle Lisenbey, CEO, Broadspire; and David Isaac,
CEO, Garden City Group. All will report to Agadi. In addition, Canadian CEO Pat
Van Bakel will report to Muress as will Kieran Rigby, CEO of Europe, who will
now also oversee Latin American operations.
Commenting on its Major, Complex and Specialty Loss business, Crawford Global
Technical Services®, Agadi stated, "GTS remains a strategic priority for us, and
it will continue to be led by EVP Mike Reeves, Global Head of GTS; and John
Sharoun, CEO, GTS Americas; who will work closely with our business unit leaders
around the globe.
"Crawford remains the pre-eminent independent claims manager globally with an
unparalleled competitive position and robust revenue base," said Agadi. "Through
the recently initiated restructuring plan, we can achieve target operating
margins on a business-segment level to further drive Company growth and
development of additional products and services. The restructuring will further
enhance client relationships, and we look forward to serving their claims
management needs while exploring expanded opportunities."
About Crawford®
Based in Atlanta, Ga., Crawford & Company (www.crawfordandcompany.com) is the
world's largest independent provider of claims management solutions to the risk
management and insurance industry as well as self-insured entities, with an
expansive global network serving clients in more than 70 countries. The Crawford
Solution((TM)) offers comprehensive, integrated claims services, business
process outsourcing and consulting services for major product lines including
property and casualty claims management, workers compensation claims and medical
management, and legal settlement administration. The Company's shares are traded
on the NYSE under the symbols CRDA and CRDB.
# # #
For more information, please contact:
Kara Grady, vice president, Corporate Communications
404.300.1901 (office)
404.825.4694 (cell)
Kara_Grady(at)us.crawco.com
press-release-Crawco-US-CrawfordRestructures-11-24-15final:
http://hugin.info/155880/R/1969181/719682.pdf
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Source: Crawford & Company via GlobeNewswire
[HUG#1969181]
Unternehmensinformation / Kurzprofil:
Datum: 24.11.2015 - 19:03 Uhr
Sprache: Deutsch
News-ID 435563
Anzahl Zeichen: 4444
contact information:
Town:
ATLANTA
Kategorie:
Business News
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