Q1 results 'better than expected', says chief exec
Crawford chief executive Jeff Bowman says its first quarter 2009 results are ‘better than our expectations’ after a 66% drop in net income.
The US-based loss adjuster, which has a substantial presence in the UK, posted a first quarter net income drop from $9.1m to $3.1m compared to the prior year.
Consolidated revenues also fell from $236.1m to $225.5m ‘due to the negative effect of foreign currency changes’, the company said.
Bowman said: "Our overall results for the 2009 first quarter were better than our expectations, especially as the global economy is in the midst of a severe downturn.
“We are committed to managing our operations toward improved operating performance and market share expansion as we go forward, and are focusing significant attention on our cost base across the entire organization to ensure we are operating as efficiently as possible."
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
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