Well-known insurance industry executive Bob Foster has joined Crawford & Company (NYSE: CRDA; CRDB), the world’s largest independent provider of claims management solutions, to direct strategy for its relationship with Lloyd’s of London, the company announced today.
“Bob has been a leading proponent of change and development in the insurance industry worldwide for many years,” said Jeffrey T. Bowman, Crawford’s president and chief executive officer. “Under his chairmanship, the Lloyd’s Market Claims Committee made substantial progress towards the transformation of claims management processes. With his expertise and market knowledge, we expect him to be a great asset in implementing our strategic plan for the Lloyd’s London market.”
Foster recently retired as group director of claims at Brit Insurance, an international general insurance and reinsurance group specializing in commercial insurance, after holding that position since 2003.
Born and raised in Manchester, England, Foster began his career as a chartered surveyor working on industrial valuations. After serving in that capacity for 10 years, he joined the Thomas Howell Group as a junior loss adjuster. He remained there for 22 years, working his way up to the position of chief operating officer and then chief executive officer in 1994.
After leaving Thomas Howell, Foster became a consultant and carried out many high-profile international assignments, including performing United Nations compensation work after the Iraqi invasion of Kuwait and corporate work in Eastern Europe and Scandinavia, before joining Brit.
About Crawford
Based in Atlanta, Georgia, Crawford & Company (www.crawfordandcompany.com) is the world’s largest independent provider of claims management solutions to the risk management and insurance industry as well as self-insured entities, with a global network of more than 700 locations in 63 countries. The Crawford System of Claims Solutions(SM) offers comprehensive, integrated claims services, business process outsourcing and consulting services for major product lines including property and casualty claims management, workers’ compensation claims and medical management, and legal settlement administration. The Company’s shares are traded on the NYSE under the symbols CRDA and CRDB.
