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Sedgwick's New Global Specialty Platform: A Game Changer in Risk Management

Sedgwick, the foremost leader in risk and claims administration, has unveiled its groundbreaking Global Specialty platform. This innovative solution aims to address the intricacies of high-stake losses and is a direct response to the rapidly changing landscape of global claims and client demands. In a world increasingly shaped by complex risks, Sedgwick's initiative stands out as a significant advancement in their efforts to broaden services, particularly in insurance and re-insurance markets.

The launch event underscored Sedgwick's commitment to equipping its team with the knowledge and skills necessary for such a transformative endeavor. The company is investing significantly in training programs and development initiatives tailored to enhance the expertise of its workforce. This approach ensures that the best minds in risk management are at the forefront of delivering exceptional service to a diverse clientele.

In a statement, Paul White, the CEO of International for Sedgwick, expressed enthusiasm for the new platform, emphasizing its importance in navigating the complexities of today's risk environment. He stated, "In a world where risk is evolving faster than ever, Sedgwick is proud to introduce our new Global Specialty platform, a bold, forward-looking solution designed to meet the growing complexity of claims with unmatched technical expertise and reach."

Leadership Driving the Change

To spearhead this new initiative, Sedgwick has appointed experienced leaders in the industry. Damian Ely, with over 35 years of international experience, assumes the role of Chief Executive Officer. His proven track record in operations management and strategic transformation makes him well-suited to guide the Global Specialty division. Alongside him, Kevin Hagan takes on the position of Chief Commercial Officer, bringing 16 years of expertise in leading organizations through significant growth and change.

Scott Richardson, President of Property of Americas, indicated that the expansion of the Global Specialty platform reflects a coordinated strategy to unite Sedgwick’s global teams and create sustainable service enhancement for clients. This consolidation aims to improve operational efficiency while aligning with market demands.

Worldwide Reach and Technical Expertise

The Global Specialty platform will be based in London but will extend its influence through hubs in Asia, the Middle East, and the Americas. This strategic positioning allows Sedgwick to respond promptly to varied global incidents—be it a maritime accident in Asia or energy failures in the Middle East.

In preparation for this endeavor, the company is onboarding over 100 leading loss adjusters to ensure comprehensive coverage of specialty cases. Esteemed figures such as David Boghurst, who will lead Marine services, and Hugh Kennaway for onshore energy, represent the caliber of expertise targeted to support the platform's objectives.

A Vision for the Future

As Ely stated, “I am very excited about the huge potential to develop this new platform in the Global Specialty market.” The dedicated focus on specialized services marks a pivotal shift in how Sedgwick perceives risk and client service.

Sedgwick continues to establish itself as a beacon of innovation in the field of risk management. With a workforce of over 33,000 employees across 80 countries, the company leverages advanced AI technology to stay ahead of the curve in claims administration and loss adjusting. Their commitment to excellence is evident in every aspect of their new Global Specialty platform.

The future of risk management is bright with Sedgwick at the helm, as they strive to set the industry standard and build solutions for an increasingly complex risk landscape. Their bold initiatives promise innovative pathways for clients to navigate unexpected challenges and thrive in a dynamic environment.