Sedgwick News

Just Like Many British Homes, UK Insurers’ Shares Are Subsiding This Summer

Just like a lot of British houses this summer, U.K. insurance stocks are sinking. The country’s non-life insurers sector had its steepest drop in more than a year-and-a-half on Friday after its biggest constituent, RSA Insurance Group Plc, warned this …

Iowa Governor Scrutinized for Accepting Flight on Sedgwick Jet

Iowa Gov. Kim Reynolds received approval from an ethics regulator to fly with her family to Iowa State’s bowl game free of charge on the jet of a state vendor, despite a law barring public officials and their relatives from …

Carlyle Group In, KKR Out as Sedgwick Majority Investor in $6.7 Billion Transaction

Global claims services firm Sedgwick announced today that funds managed by The Carlyle Group have agreed to become the majority owner of Sedgwick in a transaction valued at approximately $6.7 billion. Current majority shareholder KKR will fully exit its position …

UK Could See Surge in Subsidence Claims Due to Prolonged Dry Weather: Sedgwick

The UK could see a surge in subsidence due to the prolonged spell of hot and dry weather across the country, according to Sedgwick, a London-based provider of technology enabled risk, benefits and integrated business solutions. Based on the company’s …

Industry Needs to Address Gaps in Workers’ Compensation, AMCOMP Panelists Say

At the American Society of Workers’ Compensation Professionals (AMCOMP) Fall Meeting held recently in New York, Mark Walls, vice president of communications and strategic analysis at Safety National, and Kimberly George, senior vice president at Sedgwick, discussed a lack of …

Sedgwick to Acquire VeriClaim, Other T&H Units

Sedgwick Claims Management Services Inc. has agreed to acquire T&H Global Holdings, LLC and its subsidiaries that provide insurance claims services to insurance carriers, insurance brokers, corporations and public entities. The deal includes T&H subsidiaries VeriClaim Inc., VRS VeriClaim U.K. …

KKR to Buy Majority Stake in Claims Firm Sedgwick for $2.4 Billion

Sedgwick Claims Management Services Inc. said KKR & Co. LLP and company management would buy the provider of claims services for $2.4 billion, the latest in a wave of private-equity activity in the growing industry. A rising number of claims …

Sedgwick Claims Management Could Fetch $2 Billion: Reuters

Private equity-owned Sedgwick Claims Management Services Inc, one of the largest U.S. providers of claims services, is exploring a sale that could value it at more than $2 billion, according to four people familiar with the matter. Sedgwick, which was …

Sedgwick Announces Job Openings at 2 New Midwest Offices

Sedgwick Claims Management Services Inc. announced the planned opening of two new Midwest service centers, located in New Albany, Ohio, and Coralville, Iowa. The Coralville location is contingent on the approval of available job training and economic development incentives by …