Sedgwick picks up risk management firm

The acquisition brings about 5,000 professionals into the global company’s team

Sedgwick picks up risk management firm

Insurance News

By Ryan Smith

Sedgwick has announced that it has completed the acquisition of York Risk Services Group, a provider of claims administration, managed care, specialised loss adjusting, pool administration and loss control solutions.

The acquisition brings to Sedgwick about 5,000 professionals serving clients including corporations, public entities, and the insurance industry. With the close of the deal, Sedgwick boasts nearly 27,000 employees across 65 countries.

“The York acquisition marks another milestone in our stories half-century of growth,” said Dave North, president and CEO of Sedgwick. “Joining forces with York enhances Sedgwick’s position as a global industry leader. Together, we’ll have the capacity to support more customers in times of need – taking care of people is at the heart of everything we do, because caring counts.”

As part of the transaction, entities controlled by Onex Corporation, which owned York, are joining Sedgwick’s shareholder group as a minority investor.

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