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VOL. 132 | NO. 242 | Thursday, December 7, 2017

Sedgwick to Acquire London-Based Claims Management Firm

By Andy Meek

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Memphis-based Sedgwick Claims Management Services Inc. has made an acquisition that expands the company’s international footprint.

The company has signed an agreement to acquire London-based loss adjuster and claims management firm Cunningham Lindsey, which helps businesses, insurance companies, brokers and policyholders around the world. The company employs 6,000 people in 600 offices across 60 countries.

Terms of the deal were not announced.

The Cunningham Lindsey group will complement the services provided by Sedgwick and its subsidiary Vericlaim. Cunningham Lindsey provides services addressing all aspects of the risk management life cycle, including pre- and post-loss, specialties in loss adjusting, third-party claims administration, global account management, forensic engineering, and restoration and repair consulting, among others.

The acquisition also enhances Sedgwick’s status as the leading global provider of innovative risk and benefit solutions. Following the close of the transaction, the Sedgwick organization will employ more than 20,000.

The transaction is still subject to customary conditions and regulatory approvals.

RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 140 207 19,653
MORTGAGES 128 196 22,629
FORECLOSURE NOTICES 0 5 2,927
BUILDING PERMITS 166 367 40,371
BANKRUPTCIES 40 102 12,588
BUSINESS LICENSES 16 33 6,407
UTILITY CONNECTIONS 31 81 7,476
MARRIAGE LICENSES 24 47 4,500