CRAWFORD® Acquires edjuster, Contents Valuation Service and Platform

Rhea-AI Summary

Crawford & Company (NYSE: CRD-A and CRD-B) has successfully acquired edjuster, a notable player in technology-driven claims handling solutions with 20 years of experience in North America. This strategic move enhances Crawford’s digital capabilities, enabling it to offer improved inventory and valuation solutions for both complex and high-volume claims. The acquisition is projected to strengthen customer service and expand Crawford’s operational reach, aligning with their vision to innovate the claims ecosystem. This partnership aims to combine Crawford’s global presence with edjuster’s technology, enriching their service offerings.

Positive

• Acquisition of edjuster enhances Crawford's digital capabilities.
• Strengthens Crawford's service offerings in North America.
• Expected synergies between Crawford and edjuster's operations.

Negative

• None.

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, has acquired edjuster, a technology-driven field and desktop contents claims handling solutions company.

edjuster is the established leader in contents services with 20 years of recognized experience in both the U.S. and Canada. This solution operates on a proprietary contents management platform that offers a full-featured, easy-to-use contents inventory and valuation solution for both high severity complex claims and high-volume, small claims. The acquisition of edjuster adds a digital component to Crawford’s existing contents valuation service, expands Crawford’s current capabilities in North America and supports its purpose to restore and enhance lives, businesses and communities.

According to Pat Van Bakel, president, Loss Adjusting, North America, “This combination will bring together Crawford’s global reach and expansive services with edjuster’s digital capabilities and niche expertise. We are excited to join forces with this established and expanding company. Their proven execution capability, strong client relationships, solid technology platform and scalable operating model will allow us to offer more robust digital services to Crawford customers.”

“This acquisition is a tremendous fit for edjuster given the synergies between our organizations. The opportunity to become part of a much larger claims operation covering all of North America provides invaluable expertise to the Crawford suite of services and adds enormous depth and flexibility to our existing capabilities both in the field and behind the desk,” said Andy Williams, edjuster’s chief executive officer.

Crawford Chief Executive Officer, Rohit Verma added, “At Crawford, we have a relentless pursuit of service excellence, and edjuster’s ability to combine technology and people takes us one step closer to our goal to reimagine the claims ecosystem. Additionally, this combination will help us achieve our envisioned future and brand promise, making Crawford the embedded partner of choice in the insurance industry.”

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 corporations 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.

Tag: Crawford-Corporate, Crawford-Investor-News-and-Events

View source version on businesswire.com: https://www.businesswire.com/news/home/20210823005651/en/

FAQ

What is the significance of Crawford's acquisition of edjuster?

The acquisition enhances Crawford's digital capabilities and expands service offerings in claims management.

How does the edjuster acquisition impact Crawford's stock CRD-A and CRD-B?

The acquisition is expected to strengthen Crawford's market position and service offerings, potentially benefiting stock performance.

What are the expected benefits of Crawford acquiring edjuster?

The benefits include improved technology integration, enhanced customer service, and expanded operational reach.

How long has edjuster been operating in the claims management industry?

edjuster has been established in the claims management industry for 20 years.