Moran Joins Sedgwick CMS Holdings Board

April 8, 2003

Sedgwick Claims Management Services Inc. (Sedgwick CMS), based in Memphis, Tenn., announced that Garrett M. Moran joined the board of directors of Sedgwick CMS Holdings Inc., the holding company parent of the national claims and productivity management services organization.

Moran is a senior principal and president of MMC Capital Inc., a global private equity firm that specializes in the insurance, reinsurance and financial services sectors. MMC Capital manages an investment in Sedgwick CMS.

Prior to joining MMC Capital in 2002, Moran spent nineteen years at Donaldson, Lufkin & Jenrette (DLJ). He held several executive positions at DJL including vice chairman and co-head of the Investment Banking Group, and served as member of the executive committee. Most recently Moran was co-head of the investment banking integration effort following DLJ’s acquisition by Credit Suisse First Boston Corporation and was briefly the head of CSFB’s private equity division.

Moran succeeds Stephen Friedman, who resigned from the board of Sedgwick CMS Holdings in December following his appointment as chief economic advisor to the Bush Administration.

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