Canadian Underwriter

Sedgwick completes acquisition of Cunningham Lindsey

April 16, 2018   by Greg Meckbach

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Sedgwick Claims Management Services Inc. has completed its acquisition of Tampa, Fla.-based Cunningham Lindsey, Sedgwick announced Monday.

Both Cunningham Lindsey and Memphis, Tenn.-based Sedgwick have offices in Canada.

“The combined organization—including the subsidiaries of Sedgwick, Vericlaim and Cunningham Lindsey, with select exceptions—will move toward operating globally under the Sedgwick brand name,” Sedgwick said Monday.

Vericlaim Canada, a Sedgwick subsidiary, provides claims and adjusting services in property, liability, auto and specialty claims and adjusting services.

Cunningham Lindsey’s offerings include loss adjusting, claims administration, global account management forensic engineering, restoration and repair consulting, among others.

Sedgwick is majority-owned by New York City-based private equity firm KKR & CO. L.P. Caisse de dépôt et placement du Québec has a minority stake.

Mergers and acquisitions in the Canadian property and casualty insurance adjusting industry include Maltman Group International, acquired in 2015 by CRU Group Inc.

Nixon & Company of St. Louis, Mo. was acquired in 2017 by Edmonton-based SCM Insurance Services Inc., the corporate owner of ClaimsPro, Opta Information Intelligence and Pario Engineering, among others.

SCM also acquired Nova Scotia-based Plant Hope Adjusters Ltd. in 2015. At the time, Plant Hope was led by Fred Plant, who has served two terms as president of the Canadian Independent Adjusters Association.

In 2014, SCM acquired Granite Claims Solutions, formerly known as McLarens Canada and before that as Ponton Coleshill Edwards & Associates.

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