Cunningham Lindsey International Adds Axis U.S.A.

April 13, 2005

Cunningham Lindsey International (CLI) announced its acquisition of Axis USA, a high-end specialty adjusting company located in New York and Los Angeles.

Axis also provides comprehensive adjusting services to Fortune 500 companies, through relationships with insurers, reinsurers, captives and self-insured entities based in the U.S. and abroad. This acquisition will reportedly further broaden the scope of high-end adjusting services provided by Cunningham Lindsey’s international company. The combined entity will operate as Cunningham Lindsey Axis (CL Axis).

Cunningham Lindsey U.S., Inc. (CLUS), the company’s traditional loss-adjusting services company in the U.S., is not directly involved with this acquisition, and will continue to serve various aspects of the U.S. Market just as it as done for years.

“This acquisition by CLI allows us to further penetrate the U.S. and specialty markets by adding a group of talented colleagues to the family. Together, CL Axis and CLUS serve every segment of the market from high-frequency, low-severity losses to the largest and most complex,” said Lindsey Morden Group (LMGI) CEO Jan Christiansen.

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