The future of the Cunningham Lindsey brand in Australia is unclear following completion of claims manager Sedgwick’s acquisition of the loss adjuster.
An official statement says the merger of the two US-based global companies will operate – with “select exceptions” – under the Sedgwick name.
Cunningham Lindsey regional CEO Damon Bennett told insuranceNEWS.com.au he cannot comment, and a US spokesman declined to confirm whether the Australian operation will switch to the Sedgwick brand.
Asked about the merger’s impact on staffing, the spokesman said: “There will be no changes in the Australian business.”
The acquisition brings the Sedgwick group’s headcount to more than 21,000 employees worldwide.
The global operation has about 6000 staff in 65 countries, while Sedgwick has about 15,000 in the US, Canada, the UK and Ireland.
Cunningham Lindsey in Australia was formed in 2009 from the acquisition of UK-based loss adjuster GAB Robins in all countries outside the US. There are now about 700 Cunningham Lindsey employees in Australia.
“The close of this transaction brings a wealth of talent to Sedgwick, broadens our international footprint and reinforces our position as the leading global provider of technology-enabled business solutions in the risk and benefits space,” Sedgwick President and CEO Dave North said.