Crawford & Co is expanding its operations in China by acquiring a 25% shareholding in Tino Insurance Surveyors & Adjusters, a Chinese adjusting firm.

Crawford will have full managerial control of the newly-named Crawford Tino Insurance Surveyors & Adjusters.

Under the terms of the acquisition, Crawford will purchase the remaining shares in Tino at such time as regulatory approval in China will allow.

Jeffrey T Bowman, president of Crawford & Co, said: "The Chinese market is very important to Crawford. China plays an increasingly emerging role for multinational corporations."

Topics