Crawford & Co. Expands in India, Adds 26 Percent of Puri Anuj & Assoc.

November 8, 2005

Crawford & Company has announced the purchase of a 26 percent interest in Puri Anuj & Associates Pvt. Ltd., a full service insurance loss adjusting and claims settlement company for all classes of risk with three offices in India. The move is expected to provide additional service delivery capabilities to support both the requirements of PAA’s existing Indian and international clients as well as the interests of the Crawford and Company’s multinational client base.

PAA will operate under the name Puri Crawford & Associates India Private Limited and will provide loss adjusting services in India and neighboring countries. PCA will be integrated into Crawford & Company’s global operating platform with access to
technology, best practices, and subject matter experts.

Following the investment by Crawford & Company, PCA will be owned by both Crawford & Company and Puri Anuj & Associates. Financial terms of the agreement were not disclosed.

“This was a strategic move to increase client penetration in the Indian market for Crawford<" Jeffrey T. Bowman, president of Crawford's international operations said. "We will continue to provide the high quality service that clients have come to expect from both the Crawford and Puri Anuj organizations."

Richard Martin, senior vice president and regional managing director, Asia Pacific, Crawford & Company International, Inc., added, “Our development in India is important as we must meet our multinational clients’ needs and be able to provide a global capability. This investment, in a well established company with whom we have worked for a number of years, is a natural progression and helps us meet client demands and consistency of service.”

“Puri Anuj & Associates began operation in India 16 years ago and we have seen opportunities in the loss adjusting sector grow multifold, Anuj Puri, chairman of PAA, said. “Our partnership with Crawford will allow us to respond favorably to the current growth picture in the Indian loss adjusting market.”

Puri Anuj & Associates PVT. LTD. (earlier known as Anuj Puri & Associates) was established in 1989. Based in Atlanta, Georgia, Crawford & Company is a large independent provider of claims management solutions to insurance companies and self-insured entities, with a global network of more than 700 offices in 63 countries.

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