Crawford & Company International Inc. is expanding its operations in China by acquiring a 25 percent shareholding in Tino Insurance Surveyors & Adjusters Co., Ltd., a Chinese adjusting firm.
Crawford will have full managerial control of the newly-named Crawford Tino Insurance Surveyors & Adjusters Co., Ltd. Under the terms of the acquisition, Crawford will purchase the remaining shares in Tino at such time as regulatory approval in China will allow.
Following the acquisition, Crawford Tino Insurance Surveyors & Adjusters Co., Ltd. will have a staff of 35 located in offices in Beijing, Shanghai, Shenzen, and Wu Han.
“The Chinese market is very important to Crawford,” said Jeffrey Bowman, president of Crawford & Company International, Inc. “China plays an increasingly emerging role for multinational corporations.”
Tino Insurance Surveyors & Adjusters Co., Ltd., established in August 2003 when the Chinese insurance claims adjusting industry was first emerging, is a national adjusting service firm, engaging in surveying, adjusting, and insurance consultation services.
Was this article valuable?
Here are more articles you may enjoy.