Sedgwick to buy Cunningham Lindsey
Sedgwick Claims Management Services, a tech-driven risk and benefits solutions provider, has signed an agreement to acquire Cunningham Lindsey, a loss adjusting, claims management and risk solutions firm.
Cunningham Lindsey assists insurance companies, brokers and policyholders, offering support when losses occur, such as during natural catastrophes.
Its specialties, for example in loss adjusting, third-party claims and account management, are expected to complement the existing offerings of Sedgwick and its subsidiary Vericlaim.
“Bringing the incomparable talent, expertise and robust global capabilities of Sedgwick, Vericlaim and Cunningham Lindsey under one umbrella is among the greatest stories to emerge from the claims industry in many years,” said Michael Arbour, Sedgwick group president. “This exciting development puts us in an optimal position to meet the increasingly complex needs of clients around the world.”
The deal is subject to customary conditions and regulatory approvals.