Loss adjusting and insurance services provider McLarens, has announced the acquisition of specialty loss adjuster Lloyd Warwick International, Ltd (LWI).
London headquartered, LWI, is a global multi-disciplined loss adjusting and claims management company with extensive expertise in complex onshore, offshore and renewable energy claims. Their team of nearly 50 adjusters provides a wide range of engineering, forensic and technical claims support services to the global insurance industry, with a focus on the energy, marine, mining, power generation, renewables and special risk sectors.
LWI was jointly owned by LWI employees and Crawford & Company. Financial terms of the transaction were not disclosed.
“The acquisition is seen by both businesses as a strong strategic fit, aligning with McLarens’ strategy to strengthen technical services and multi-disciplinary consulting capabilities in natural resources verticals,” said the firm in a statement. “The unified organisation will result in significantly increased market presence especially in the oil and energy sector and boost offerings in loss adjusting, major claims management, litigation support, and arbitration & mediation.”
Under the terms of the deal LWI will merge with McLarens’ natural resources specialties services and will retain its head office in London. The combined group will continue to conduct business under LWI’s brand and be led by Joe McMahon, chairman of LWI. Matthew LeBrun will join the group and head Natural Resources in the Americas – a key area planned for expansion – and report directly to Mr McMahon.
“The acquisition will help accelerate our growth and innovation,” commented Mr LeBrun. “Our goal is to bring together our experience, talent and strength into a unified organization to accelerate further growth. The combined specialty practice will be the global leader in the Natural Resources loss and claims management.”
“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,” said Gary Brown, (pic) CEO at McLarens. “The company has a leading reputation in the energy and oil market internationally, which will transform McLarens’ footprint in the natural resources sector.”