GAB Robins name set to vanish in local market
Leading loss adjuster GAB Robins Australia will be absorbed into the global Cunningham Lindsey group as part of a buy-up of GAB Robins businesses outside the US.
And as far as GAB Robins Australian CEO David Radcliff is concerned, it’s a very positive move.
“It’s really a case of business as usual,” he told insuranceNEWS.com.au. “We don’t have a business integration to carry out.”
While it only has one permanent representative in Australia at present, Canadian-based Cunningham Lindsey has been in business since 1923 and has 400 offices in 60 countries.
“I and the entire Australian management team see this as a great development,” Mr Radcliff said. “It removes some uncertainty which has been speculated about over the past few years and provides us with both a great platform for the future and access to expanded capacity and capability internationally.”
US-based GAB Robins is selling all its international subsidiaries to Cunningham Lindsey except GAB Robins UK. The British managers are negotiating for a majority stake in the operation.
GAB Robins says the sale will allow it to further focus on its core strengths in the North American property and casualty market while continuing to meet the global loss adjusting needs of its customers.
Cunningham Lindsey says the clients of the combined company will enjoy significantly broader service offerings, expertise and geographic reach.
The acquired businesses will operate under the Cunningham Lindsey brand identity. The deal is expected to be completed tomorrow.
It’s another change at the top of the loss adjusting sector, with Freemans and McLarens Young International in the final stages of a discussion over a merger.
And as far as GAB Robins Australian CEO David Radcliff is concerned, it’s a very positive move.
“It’s really a case of business as usual,” he told insuranceNEWS.com.au. “We don’t have a business integration to carry out.”
While it only has one permanent representative in Australia at present, Canadian-based Cunningham Lindsey has been in business since 1923 and has 400 offices in 60 countries.
“I and the entire Australian management team see this as a great development,” Mr Radcliff said. “It removes some uncertainty which has been speculated about over the past few years and provides us with both a great platform for the future and access to expanded capacity and capability internationally.”
US-based GAB Robins is selling all its international subsidiaries to Cunningham Lindsey except GAB Robins UK. The British managers are negotiating for a majority stake in the operation.
GAB Robins says the sale will allow it to further focus on its core strengths in the North American property and casualty market while continuing to meet the global loss adjusting needs of its customers.
Cunningham Lindsey says the clients of the combined company will enjoy significantly broader service offerings, expertise and geographic reach.
The acquired businesses will operate under the Cunningham Lindsey brand identity. The deal is expected to be completed tomorrow.
It’s another change at the top of the loss adjusting sector, with Freemans and McLarens Young International in the final stages of a discussion over a merger.