|Over a quarter ago|
Crawford & Company raises quarterly dividend to 6c per share » 08:5302/1202/12/21
On February 11, 2021, at…
On February 11, 2021, at its regular quarterly meeting, the Board of Directors of Crawford & Company declared a quarterly dividend of 6c per share on the Class A Common Stock and $0.06 per share on the Class B Common Stock, payable on March 12, 2021, to shareholders of record as of the close of business on February 26, 2021. This is an increase of 1c per share from the previous quarter.
Crawford & Company announces new business line organizational structure » 09:2701/1201/12/21
Crawford & Company…
Crawford & Company announced a new business line organizational structure, effective January 1, 2021, in support of its purpose, growth strategy and envisioned future. The new structure aligns the company to three macro businesses - Loss Adjusting, Third Party Administration and Platform Solutions - and positions Crawford to continue leading the industry in innovation, service quality and expertise. Andrew Bart assumes the new role of president, Loss Adjusting, International and Pat Van Bakel assumes the role of president, Loss Adjusting, North America, in addition to his current position as president of Crawford Canada. Mike Jones now leads the international TPA: Broadspire business as president, and Mike Hoberman assumes the role of president TPA: Broadspire, North America upon the retirement of Neil Lentine on February 5, 2021. Larry Thomas, now leads the newly created Platform Solutions as its global president. Crawford's Platform Solutions global service line is comprised of unique offerings with considerable growth potential. These businesses provide digitally enabled solutions that enhance quality and efficiency, in addition to creating compelling claims outcomes for our clients and their policyholders. It will leverage the company's expertise, superior customer service and digital capabilities, making Crawford the embedded partner of choice for our clients. Additional company leadership appointments under the new business structure include Ken Tolson, who assumes the role of global president of the networks business unit within the Platform Solutions global service line, and Charlotte von Krogh, who assumes the role of president, Crawford Europe. Each of these internal promotions showcase the exceptional depth of talent at Crawford and support the goal of making most of our hires from within the company.
Crawford & Company announces extension of share repurchase program » 10:0112/1812/18/20
Crawford & Company…
Crawford & Company has announced the extension of the company's share repurchase program under which it may repurchase up to 2M shares of its common stock until December 31, 2021. Under the company's share repurchase program established by the Board of Directors on May 8, 2019, the company is authorized to repurchase up to an aggregate of 2M shares of its common stock until the expiration of the share repurchase program. The program was set to expire on December 31, 2020.
Crawford & Company acquires HBA Group, terms not disclosed » 08:1011/0411/04/20
Crawford & Company…
Crawford & Company announced the acquisition of Australia-based HBA Group as part of the continuing expansion of its Crawford Legal Services in the UK and globally. HBA Group comprises HBA Legal, a legal services enterprise which partners with underwriters, brokers, insurers and self-insured companies across Australia and the London market; Paratus, a claims management business; and Pillion, a legal process and technology provider. Presently in the UK, CLS is an independent legal practice and an integrated part of the Crawford & Company claims management process providing professional and technical support in the handling of volume, niche, complex or high-value claims. The solution leverages the company's global infrastructure and expertise and forms a core component of Crawford's end-to-end connected claims solution. Through the acquisition of HBA Group, CLS will locally become a leading legal services partner to clients across Australia, providing a unique and disruptive business-to-business integrated claims and legal model for the Australian legal and insurance markets. The company will be able to leverage Crawford's global capabilities as well as benefiting from the company's continued investment in innovative technology to support faster processing, greater efficiency and enhanced client service.
Crawford & Company to deploy CoreLogic claims workflow, management platform » 08:1110/2710/27/20
CLGX, CRD.A, CRD.B
CoreLogic (CLGX) announced that Crawford & Company (CRD-A) has signed a global agreement to deploy the CoreLogic claims workflow and management platform in a number of their claims operations. This will enable Crawford to continue streamlining communication with carrier clients, suppliers and policyholders, integrate third-party InsurTech solutions and support their adjusters as they continue to deliver the highest quality claims service for its clients. The solutions will be adopted in multiple global markets, starting with the United Kingdom and Australia. Crawford will integrate the CoreLogic claims workflow and management platform into their existing operations and supply chain.
Crawford & Company acquires claims company in Chile, terms not disclosed » 08:0510/0210/02/20
Crawford & Company…
Crawford & Company announced the acquisition of Crawford Carvallo and its individual business units. a leader in the provision of loss adjusting, claims management solutions and legal services in Chile. Crawford Carvallo has been part of Crawford's partnership network for almost 30 years, providing clients in the region with access to its full range of capabilities across property & casualty. marine hull, transportation, aquaculture and affinity lines of business, as well as offering a suite of legal services. This acquisition formalizes our long-standing relationship and boosts our ability to restore and enhance lives, businesses and communities in Latin America. The acquisition forms part of Crawford's ongoing investment in the region by expanding its on-the-ground capabilities and expertise across Latin America. Crawford Carvallo's technical expertise has seen them grow to be one of the most knowledgeable claims management teams in Latin America. Their focus on quality lines up perfectly with our own vision; enabling us to deliver on our purpose and launch new client-focused services across the region.