Reinsurance News

Sedgwick finalises purchase of Cunningham Lindsey

17th April 2018 - Author: Matt Sheehan

Sedgwick Claims Management Services has completed its planned acquisition of Cunningham Lindsey, a global loss adjusting, claims management, and risk solutions firm.

mergers and acquisitions reinsuranceThe new combined organisation, which includes the subsidiaries of Sedgwick, Vericlaim and Cunningham Lindsey, plans to operate globally under the Sedgwick brand name.

The acquisition of Cunningham Lindsey and its subsidiaries, which was announced in December 2017, will bring Sedgwick almost 6,000 Cunningham Lindsey colleagues across 65 countries.

Their range of professional services, which include property loss adjusting, third-party claims administration, global account management, forensic engineering, and restoration and repair consulting, will complement Sedgwick’s global capabilities across the risk management lifecycle.

Dave North, President and Chief Executive Officer (CEO) of Sedgwick, said: “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.

“Now, with more than 21,000 colleagues around the world, Sedgwick can meet the complex needs of more clients and take care of more individuals in more locations than ever before.”

North will continue to lead the company’s Executive Council, and Jane Tutoki, global CEO of Cunningham Lindsey, has now been appointed Vice Chair.

Tutoki commented: “Bringing together the talent, expertise and robust capabilities of our esteemed organizations under the Sedgwick banner will allow us to provide a unified, end-to-end service solution to clients around the world. Integrating our services and further growing our reach redefines what we can offer the global market.”

Also serving on Sedgwick’s Executive Council are Global Chief Financial Officer Henry Lyons and Group Presidents Mike Arbour and Bob Peterson.

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