Sedgwick has completed the acquisition of claims management and risk solutions firm Cunningham Lindsey. The combined organization, which includes Cunningham’s subsidiaries, will move toward operating under a combined leadership team and the Sedgwick brand name.
In acquiring Cunningham Lindsey, Sedgwick will gain almost 6,000 staff in 65 countries who perform services throughout the risk management lifecycle, including property loss adjusting, third-party claims administration and provide support to a global customer base of businesses, insurers, brokers and policyholders.
Sedgwick president and CEO, Dave North will continue to lead the company’s executive council, which will name be made up of global CFO Henry Lyons, and group presidents Mike Arbour and Bob Peterson.
Jane Tutoki, who previously held the role of Cunningham Lindsey global CEO, will also join the executive council in her new position as vice chair of Sedgwick.
North said the growth in the size of the business, which is now more than 21,000 people around the world, would allow them to meet the needs of more clients in more locations than ever before.
He explained: “The close of this transaction brings a wealth of talent to Sedgwick, broadens our international footprint, and reinforces our position as the leading global provider of technology-enabled business solutions in the risk and benefits space.”
Tutoki added: “Bringing together...
thumbnail courtesy of captiveinsurancetimes.com