Cunningham Lindsey, a provider of independent loss adjusting and claims management services, has acquired the US loss adjusting business of GAB Robins North America.
Cunningham said that the addition of the GAB Robins loss adjusting business significantly expands its operation in the US, particularly in the commercial loss adjusting space. The combined business will operate under the Cunningham Lindsey brand identity.
As a result of this acquisition, Cunningham’s US operation will expand by more than 380 people and 100 office locations, bringing its total presence in the US to more than 1,100 full-time employees in 200 office locations.
According to the Cunningham, the combined business will operate under the Cunningham Lindsey brand identity and it will provide clients with a comprehensive service offering across the full spectrum of industrial, commercial and personal property, and casualty claims, both within the US and globally.
Cunningham Lindsey Group president and CEO Philippe Bes said this acquisition will significantly enhance Cunningham Lindsey’s operations in the field of commercial and technical claims, broadening competencies to extend from low severity personal lines claims to large complex specialty claims.
Cunningham Lindsey is majority-owned by Stone Point Capital, a private equity firm specializing in the global insurance and financial services sectors. Stone Point acquired a majority interest in Cunningham Lindsey in 2007.
GAB Robins is a provider of risk and claims management services and solutions to the insurance and self-insured marketplace.