David Nierenberg Reiterates his Request to Nominate to the Board of Crawford & Company
December 28, 2020 at 02:03 pm EST
Share
On December 28, 2020, David Nierenberg announced that on December 23 he renewed his request to Crawford & Company’s board chair that the board invite David Nierenberg to join the board in early 2021. David Nierenberg stated that the Company denied his October request, claiming that the board had no open slots, because 11 positions were already filled. David Nierenberg believes that as the largest non-family series B shareholder, could bring the constructive urgency and a fresh look which comes with having serious skin in the game. Moreover, proxy advisors and other governance experts would observe that 5 of the Company’s 11 directors are not independent and that 2 directors have served for over a decade. In addition, David Nierenberg stated that therefore he is hopeful that he might be appointed to the Company’s board, to help the family, the Company, and the other stakeholders improve the value of the Company.
Crawford & Company is an independent provider of claims management and outsourcing solutions to carriers, brokers and corporations. Its North America Loss Adjusting segment services the North American property and casualty market, provides claims management services to insurance carriers and self-insured entities related to property and casualty losses. Its International Operations segment provides claims management and adjusting services to insurance carriers and self-insured entities from the property and casualty insurance company markets in the United Kingdom, Europe, Australia, Asia and Latin America. Its Broadspire segment provides third party administration, medical management and technology solutions for workers' compensation, auto and liability, disability and accident claims to corporations, brokers and insurers in the United States. Its Platform Solutions segment provides services to the property and casualty insurance company markets and consumer markets through service.
CRAWFORD & COMPANY 
