In December 2012, a CVC led investor group including Allied World Assurance Company Limited (NYSE: AWH) completed the recapitalisation of Cunningham Lindsey Group Limited by which funds affiliated with CVC have acquired majority ownership of Cunningham Lindsey from existing shareholders Stone Point Capital and Fairfax Financial Holdings (TSX: FFH). Stone Point and Fairfax, along with the company's management team, will remain substantial and active shareholders.
Cunningham Lindsey is the largest global provider of independent loss adjusting and claims management services worldwide. In addition to its core loss adjusting services, Cunningham Lindsey provides engineering consultancy, risk management, risk survey, environmental remediation consultancy, valuation and related services. Cunningham Lindsey's global network consists of approximately 5,500 employees in over 60 countries worldwide.
CVC shares our vision for the future expansion of Cunningham Lindsey and will enable us to continue to expand and enhance our position in the key insurance markets. CVC's diversified international coverage will be a tremendous asset to capitalise on as we broaden our global presence supporting the unique capabilities and expertise that our clients need.