Memphis, Tenn.-based Sedgwick Claims Management Services Inc. said it hasagreed to buy OSGGroup, an outsourcing services company based in Dublin.
|Terms were not disclosed, but OSG employees will becomepart of the international operations of Sedgwick and itsNaperville, Ill.-based subsidiary Vericlaim, which Sedgwick acquired in 2014.
|OSG provides property and liability loss-adjustingservices, as well as third-party administration, motor andspecialist claims, customer support and staffing services toclients in Ireland and elsewhere, Sedgwick said in a newsrelease.
|“As a sophisticated insurance and financial services center formuch of Europe, Ireland was a natural fit for the next stage ofSedgwick's growth beyond North America,” Sedgwick President and CEODave North said in the news release.
|OSG has more than 400 employees in eight locations acrossIreland. Sedgwick employs about 13,000 at 275 offices across theUnited States and in Canada.
|The transaction is expected to close in June, subject tocustomary conditions and approvals, the company said.
|Related: Sedgwick establishes institute, names first seniorfellow
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
- Educational webcasts, resources from industry leaders, and informative newsletters.
- Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Rosalie Donlon
Rosalie Donlon is the editor in chief of ALM's insurance and tax publications, including NU Property & Casualty magazine and NU PropertyCasualty360.com. You can contact her at [email protected].
