Sedgwick Group
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Sedgwick Group plc is a very large British insurance broker which was listed on the London Stock Exchange and was a constituent of the FTSE 100 Index. However, it was taken over by the US Marsh & McLennan group in December 1998.[1]
In April 2018, Sedgwick acquired Cunningham Lindsey, a global loss adjusting, claims management and risk solutions firm. The Cunningham Lindsey group included a range of services addressing all aspects of the risk management life cycle, including pre- and post-loss; their specialties in loss adjusting, third-party claims administration, global account management, forensic engineering, and restoration and repair consulting, among others, notably complement the existing offerings of Sedgwick and subsidiary Vericlaim.
- “Joining forces with Sedgwick and Vericlaim presents an opportunity to provide our clients an end-to-end service solution around the world,” said Jane Tutoki, global CEO of Cunningham Lindsey.
- “Our vision is to align our complementary services and further grow the reach to a scale that will help redefine the expertise and talent we can offer. We are excited about the next step in this journey with Sedgwick and Vericlaim to offer a truly global path to transform the way we provide our services together.”[2]
Dave North, President and CEO of Sedgwick, said:
- Now that the transaction has closed, we can move forward with integrating the Sedgwick and Cunningham Lindsey organisations into a unified, global provider of technology enabled business solutions in the risk and benefits services space. To that end, the combined organisation—including all subsidiaries of Sedgwick, Vericlaim and Cunningham Lindsey, with a few select exceptions—will move toward operating globally under the Sedgwick name.
- Using a singular name across all markets and business lines will strengthen our brand identity and reinforce our position as the leading industry provider.[3]
References
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