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| | Sedgwick Completes Acquisition of Cunningham Lindsey By Lonce Lamonte - April 16, 2018
Today, April 16th 2018, Sedgwick completed its acquisition of Cunningham Lindsey.
Sedgwick Claims Management Services, Inc. (Sedgwick CMS or Sedgwick) had announced on December 6, 2017, that it had signed an agreement to buy Cunningham Lindsey, a rival claims management third-party administrator, global loss adjusting, and risk solutions firm. Now, after months of regulatory approval filings, the combined organization of Cunningham Lindsey and its subsidiaries will transition globally into operating under the Sedgwick name.
With this strategic acquisition, Sedgwick now has 21,000 colleagues across 65 countries, providing business solutions to employers, insurance companies, brokers, policyholders and consumers around the world. With this expanded footprint and technical resources, Sedgwick has greater breadth of services and depth of expertise. Sedgwick’s aim is to meet the needs of more clients and take care of more individuals in more locations.
Jane Tutoki, Cunningham Lindsey’s global CEO, joins Sedgwick as vice chair. She, along with global chief financial officer Henry Lyons and group presidents Mike Arbour and Bob Peterson, comprise the company’s new executive council, reporting to Sedgwick President Dave North.
Now that the transaction has closed, Sedgwick will integrate the Sedgwick and Cunningham Lindsey organizations into a unified, global provider of technology-enabled business solutions in the risk and benefits services space. The combined organization—including all subsidiaries of Sedgwick, Vericlaim, and Cunningham Lindsey, with a few select exceptions—will move toward operating globally under the Sedgwick name.
lonce@adjustercom.com, Lonce Lamonte, journalist; copyright adjustercom, all rights reserved
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