The conclusion of the sale is subject to customary conditions and regulatory approvals
Sedgwick Claims Management Services, Inc., a global provider of technology-enabled risk and benefits solutions, has signed an agreement to acquire Cunningham Lindsey, a global loss adjusting, claims management and risk solutions firm.
Sedgwick group president, Michael Arbour says it is “among the greatest stories to emerge from the claims industry in many years.”
“It’s a big day for us,” commented Jane Tutoki, global chief executive of Cunningham Lindsey. “We are excited and cannot wait to get through all of the regulatory processes and go.”
Tutoki also insisted that the acquisition is a good thing for UK employees.
She said: “We are working together on that. Our management teams are working through that structural process over the coming weeks and months. I think it is an opportunity all around. Plenty of opportunity for growth. It is good news for our employees, I think.”
David A. North, Sedgwick president and CEO said: “At Sedgwick, taking care of people is at the heart of everything we do, and we know that Cunningham Lindsey shares our commitment to caring for people when the unexpected occurs.
“Together, we will have the capacity to reach more individuals in their time of need in more locations than ever before.”