US-based insurance claims management firm McLarens has acquired London-based global multi-disciplined loss adjusting and claims management company Lloyd Warwick International (LWI).
LWI was jointly owned by LWI employees and Crawford & Company. Financial terms of the deal were not disclosed.
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The acquired firm specialises in complex onshore, offshore and renewable energy claims.
The company has a team of almost 50 adjusters offering a range of engineering, forensic and technical claims support services to the global insurance industry.
The acquisition is expected to bolster McLarens’ technical services and multi-disciplinary consulting capabilities in natural resources verticals.
It is expected to build up the company’s market presence in the oil and energy sector and enhance offerings in loss adjusting, major claims management, litigation support, and arbitration and mediation.
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By GlobalDataMcLarens CEO Gary Brown said: “The Lloyd Warwick International name, like McLarens, is globally recognised and associated with quality, technical expertise, and the best loss adjusting and claims management service.
“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.”
As part of the acquisition, LWI will merge with McLarens’ Natural Resources specialities services and will retain its head office in London.
The combined group will continue to conduct business under LWI’s brand, led by LWIchairman Joe McMahon.
Matthew LeBrun will join the group as Natural Resources in the Americas head and report directly to McMahon.
Matthew LeBrun said: “The acquisition will help accelerate our growth and innovation.
“Our goal is to bring together our experience, talent and strength into a unified organisation to accelerate further growth. The combined specialty practice will be the global leader in the Natural Resources loss and claims management.”
