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crawco.com

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Portfolio Exits

1

Partners & Customers

5

About Crawford & Company

Crawford & Company (NYSE: CRD-A and CRD-B) provides claims management solutions to the risk management and insurance industry, as well as to self-insured entities, with an expansive global network. The Crawford Solution 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.

Crawford & Company Headquarter Location

1001 Summit Boulevard

Atlanta, Georgia, 30319,

United States

404-300-1000

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Latest Crawford & Company News

Crawford & Company® and Aon Publish Joint Cyber Claims Guide

Nov 18, 2021

As ransomware attacks continue to surge, control and containment are key to managing both cyber incidents and resulting claims, guide finds November 18, 2021 09:00 AM Eastern Standard Time LONDON--( BUSINESS WIRE )--Crawford & Company® (NYSE: CRD-A and CRD-B), the world’s largest publicly listed independent provider of claims management and outsourcing solutions to carriers, brokers and corporations, and leading global professional services firm Aon plc (NYSE: AON), has published the Aon | Crawford® Guide to Successfully Managing Cyber Claims . With instances of ransomware attacks increasing as cyber criminals become more adept at targeting the “economic pain points” for different organizations to maximize financial returns, Aon and Crawford have pooled their combined cyber experience to produce a detailed guide to help organizations better mitigate cyber risk and manage insurance claims more effectively in the event of an incident. The guide examines how advances in cyber-attacks, particularly in relation to ransomware, are resulting in a rapid inflation in loss frequency and severity, while simultaneously increasing the complexity of managing the business interruption impact. Given the associated costs and the reputational damage of such an incident, the guide states it is imperative that organizations focus not only on cyber risk prevention, but also preparedness and response. Aon and Crawford call upon organizations to create a preparedness posture for cyber events and potential exposures, detailing management roles post incident, establishing what specialist support may be required to manage the incident, including IT forensics, forensic accounting, and legal, and ensuring protocols are in place to ensure a rapid response. The guide also examines the ramifications of the evolving threat environment on the cyber insurance policy and advises organizations to review existing policies to understand how coverage will respond in the event of an incident. Further, it details how early engagement with the insurer, direct correspondence, approvals where required, and agreement to certain causes of action can help ensure a smoother journey to resolution in the event of a claim. Commenting on the guide, Paul Handy, global head of Cyber, at Crawford, said: “Cyber-related business interruption is a costly and potentially ruinous expense. Organizations should therefore focus not only on risk prevention, but also preparedness in the event of a cyber incident. “A key part of this is understanding the claims process. By engaging with a loss adjuster with full time responsibility to support the insured through the assessment and quantification, policyholders can be much more confident in achieving their desired outcome.” Neil Harrison, Global chief claims officer at Aon, said: “In Aon's 2021 Global Risk Management Survey , cyber risk was ranked as the number one current and predicted future risk globally. Organizations should be ready to work in collaboration with their loss adjuster, together with their broker, insurer and other advisors to manage the claims process and help optimize the outcome both in the immediate crisis phase and in the recovery. We are committed to helping our clients make better decisions when navigating this increasingly complex risk and come through an incident with their balance sheet and, just as importantly, reputation intact.” Aon’s Cyber Solutions offers holistic cyber security, risk and insurance management, investigative skills, and proprietary technologies to help clients uncover and quantify cyber risks, protect critical assets, and recover from cyber incidents. Access the report here About Crawford® Based in Atlanta, Crawford & Company (NYSE: CRD-A and CRD-B) is the world’s largest publicly listed independent provider of claims management and outsourcing solutions to carriers, brokers, and corporates with an expansive global network serving clients in more than 70 countries. The Company’s two classes of stock are substantially identical, except with respect to voting rights and the Company’s ability to pay greater cash dividends on the non-voting Class A Common Stock (CRD-A) than on the voting Class B Common Stock (CRD-B), subject to certain limitations. In addition, with respect to mergers or similar transactions, holders of CRD-A must receive the same type and amount of consideration as holders of CRD-B, unless different consideration is approved by the holders of 75 percent of CRD-A, voting as a class. More information is available at www.crawco.com . About Aon® Aon plc (NYSE: AON) exists to shape decisions for the better — to protect and enrich the lives of people around the world. Our colleagues provide our clients in over 120 countries with advice and solutions that give them the clarity and confidence to make better decisions to protect and grow their business. Follow Aon on Twitter and LinkedIn . Stay up-to-date by visiting the Aon Newsroom and sign up for News Alerts here . Contacts

Crawford & Company Portfolio Exits

1 Portfolio Exit

Crawford & Company has 1 portfolio exit. Their latest portfolio exit was Garden City Group on June 18, 2018.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

6/18/2018

Acquired - II

1

Date

6/18/2018

Exit

Acquired - II

Companies

Valuation

Acquirer

Sources

1

Crawford & Company Acquisitions

9 Acquisitions

Crawford & Company acquired 9 companies. Their latest acquisition was BosBoon Expertise on October 04, 2021.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

10/4/2021

Acquired

2

10/4/2021

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$99M

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10

8/24/2021

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$99M

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10

11/4/2020

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$99M

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10

7/3/2019

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$99M

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10

Date

10/4/2021

10/4/2021

8/24/2021

11/4/2020

7/3/2019

Investment Stage

Companies

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Valuation

Total Funding

$99M

$99M

$99M

$99M

Note

Acquired

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Sources

2

10

10

10

10

Crawford & Company Partners & Customers

5 Partners and customers

Crawford & Company has 5 strategic partners and customers. Crawford & Company recently partnered with CoreLogic on October 10, 2020.

Date

Type

Business Partner

Country

News Snippet

Sources

10/27/2020

Vendor

CoreLogic

United States

Crawford & Company Chooses CoreLogic to Support Global Claims Operations and Improve Carrier and Policyholder Outcomes

IRVINE , Calif. -- -- CoreLogic , Inc. ® , a leading global property information , analytics and data-enabled solutions provider , today announced that Crawford & Company , the world 's largest publicly listed independent provider of claims management and outsourcing solutions to carriers , brokers and corporates , has signed a global agreement to deploy the CoreLogic , Inc. claims workflow and management platform in a number of their claims operations .

1

9/13/2018

Partner

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10

1/24/2018

Partner

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10

2/26/2014

Vendor

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10

Partner

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10

Date

10/27/2020

9/13/2018

1/24/2018

2/26/2014

Type

Vendor

Partner

Partner

Vendor

Partner

Business Partner

CoreLogic

Country

United States

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News Snippet

Crawford & Company Chooses CoreLogic to Support Global Claims Operations and Improve Carrier and Policyholder Outcomes

IRVINE , Calif. -- -- CoreLogic , Inc. ® , a leading global property information , analytics and data-enabled solutions provider , today announced that Crawford & Company , the world 's largest publicly listed independent provider of claims management and outsourcing solutions to carriers , brokers and corporates , has signed a global agreement to deploy the CoreLogic , Inc. claims workflow and management platform in a number of their claims operations .

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Sources

1

10

10

10

10

Crawford & Company Team

5 Team Members

Crawford & Company has 5 team members, including former Chief Executive Officer, President, Chief Operating Officer, Jeffrey Bowman.

Name

Work History

Title

Status

Jeffrey Bowman

Chief Executive Officer, President, Chief Operating Officer

Former

Clive Nicholls

Chief Executive Officer

Former

Andrew Robinson

Chief Operating Officer

Former

Hilton Sturisky

Chief Information Officer

Former

Larry Parker

Georgia-Pacific, and Enterprise Rent-A-Car

Senior Vice President

Former

Name

Jeffrey Bowman

Clive Nicholls

Andrew Robinson

Hilton Sturisky

Larry Parker

Work History

Georgia-Pacific, and Enterprise Rent-A-Car

Title

Chief Executive Officer, President, Chief Operating Officer

Chief Executive Officer

Chief Operating Officer

Chief Information Officer

Senior Vice President

Status

Former

Former

Former

Former

Former

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