’Consolidating our vast expertise into a unified offering was a clear next step,’ says chief executive 

Loss adjusting business Sedgwick has launched a new power and energy division in the UK.

In a statement released yesterday (22 June 2023), the firm said the division will focus on claims affecting the energy and power sectors.

It will serve traditional power plant, infrastructure and oil and gas providers as well as handling emerging claims trends in the renewables space.

These include wind, solar, hydroelectric, geothermal, biofuel and hydrogen power.

Paul White, Sedgwick chief executive for the UK and the rest of international, said, “Given our significant experience handling claims across the power and energy sectors, consolidating our vast expertise into a unified offering was a clear next step.”

’Ideally positioned’

Sedgwick said the launch comes with the US Inflation Reduction Act and similar initiatives in the EU and UK incentivising investment in green energy initiatives.

It added that David Ward will oversee the division as head of power and energy.

Ward, who has over 30 years of experience in loss adjusting, energy and construction, will lead a team of experts from across Sedgwick who cover a spectrum of power and energy verticals.

“Things are changing rapidly in the power and energy sectors worldwide and firms increasingly need expertise in a variety of new areas,” he said.

“Leading a new operation that brings together the knowledge and support of the wider Sedgwick offering earmarks us as a serious contender in the power and energy market.

“I’m looking forward to working with Sedgwick’s team of experts to help clients navigate this fast-moving environment.”

Sedgwick said that the new team was “ideally positioned to provide a comprehensive range of services to help power and energy firms navigate emerging trends and the new operating environment”.

White added: “David’s extensive experience made him an ideal choice to lead and scale the team, and his cross-sector knowledge will prove invaluable as we establish ourselves as the partner of choice for power and energy clients of all kinds.”