Crawford & Co. has acquired a majority stake in a London-based provider of loss consulting services to the oil and energy industry.
Terms of the deal with Lloyd Warwick International Ltd. were not disclosed.
Atlanta-based Crawford is a global provider of claims management services to the risk management and insurance industries.
“The acquisition of LWI is in line with our global strategy to grow our portfolio of services and builds on Crawford’s existing capability in the energy market,” President and Chief Executive Officer Jeffrey Bowman said in a statement. “We intend to aggressively grow our share in the oil and energy sector and expand significantly LWI’s capabilities in this highly complex market.”
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