Sedgwick Claims Management Services, Inc. and the Spencer Educational Foundation, an organization that administers both named and unnamed memorial scholarships, recently entered into a partnership that will result in an educational fund in honor of the former's late chief operating officer, Steven E. Penman.

Starting next year, the merit-based Sedgwick/Penman scholarship will be awarded annually to one undergraduate college student who is studying risk management, insurance, actuarial science or business, and who meets the foundation's eligibility guidelines.

Penman worked for Sedgwick from 1978 until his retirement in 2016. Sedgwick has pledged $100,000 over three years to the scholarship initiative.

Continue Reading for Free

Register and gain access to:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
NOT FOR REPRINT

© 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.

Elana Ashanti Jefferson

Elana Ashanti Jefferson serves as ALM's PropertyCasualty360 Group Chief Editor. She is a veteran journalist and communications professional. Reach her by sending an e-mail to [email protected].