Sedgwick has launched a new strategy designed to make the claims management company a market leader in the UK.
With new private equity backing, Sedgwick is establishing new long-term targets, reaffirming its current capabilities and defining its growth strategies for the UK, which the claims management company sees as a key market.
After a market launch with 500 invited clients and colleagues in London, Ian Muress, Sedgwick’s CEO international in London, outlined plans to build on the integration of loss adjuster Cunningham Lindsey and Vericlaim.
He said: “This is a great time for Sedgwick in the UK having successfully bought together the combined Cunningham Lindsey and Vericlaim companies building on their rich heritage. With our strong leadership, an unparalleled portfolio of products and services and an ambition to yet further expand in growing markets, Sedgwick can continue to thrive as the world’s largest claims administrator.”
“Sedgwick is looking toward continued growth as we continue to leverage the strength of the wider Sedgwick organisation while providing exceptional services across all our unrivalled international businesses.”
Sedgwick’s integration team continues to work toward consolidating the combined operations under the Sedgwick brand, which will strengthen its brand identity and reinforce its position as the global industry leader, the company said in a release.
Muress commented: “Not only are we bigger, we are also better together. The company’s depth of talent, business knowledge and market relationships are truly unmatched in the industry.”
Sedgwick’s footprint now includes a significant presence in hundreds of locations across more than 65 countries, with the ability to service clients in more than 100 territories.
Its acquisition of OSG in Ireland, the expansion of its Canadian operations, and Cunningham Lindsey and Vericlaim’s presence in the UK have brought Sedgwick firmly into the international arena.
Over the next few years, the company plans to leverage combined resources and extended relationships to expand its client base. Recent joint business development efforts have already started yielding great results, the company said.
In particular, Sedgwick will broaden its solutions in the UK to include auto liability, catastrophe response, employers’ liability, engineering, fire and environmental services, forensic accounting, general liability, major and complex loss, marine, product liability/recall, property loss adjusting and technology solutions.
Stewart Steel, CEO of Sedgwick UK, said, “With our combined expertise and enhanced capabilities, we will focus on building strength in multi-line programmes for major corporates, national, pan-European and global and be the future of claims industry in the region.”