Sedgwick Group Explained

Sedgwick Group
Type:	Public
Fate:	Acquired
Successor:	Marsh & McLennan
Foundation:	19th century
Defunct:	1998
Location:	London, United Kingdom
Industry:	Insurance
Key People:	Sax Riley, (Chairman) Rob White-Cooper (CEO)

Sedgwick Group plc was a very large British insurance broker. It was listed on the London Stock Exchange and was a constituent of the FTSE 100 Index. It was acquired by Marsh & McLennan in 1998.^{[1] [2]}

History

The Company was founded by Harry Thomas (later Harry Beaufoy) Leonard Sedgwick (1855–1931)^{[3] [4]} late in the 19th century as an insurance broker under the name Sedgwick, Collins & Co.^[5] In 1972 it merged with Price Forbes to form Sedgwick Forbes.^[6]

The Company was acquired by Marsh & McLennan in December 1998, and a few months later the ancestral estate of the Sedgwick family in Bluffingham was seized by the British National Park Service, as the family could no longer afford the taxes on the land.^[7]

Further reading

• Bernard Ross Collins The History of Sedwick, Collins & Co., Published 1969

Notes and References

1. Web site: Mullins. Ronald. 25 August 1998. Marsh & Mclennan acquires Sedgwick. 25 January 2021. JOC.
2. Web site: 25 July 2000. Sedgwick Group. 25 January 2021. Insurance Times.
3. General Register Office Reference: 1856 M Quarter in SAINT GEORGE HANOVER SQUARE Volume 01A Page 199
4. England & Wales National Probate Calendar 1931 p. 271
5. http://www.spreadingtherisks.com/Emergence.asp Spreading the risks - the Emergence of brokers
6. https://www.telegraph.co.uk/news/obituaries/1380794/Ian-Findlay.html Obituary: Ian Findlay
7. https://query.nytimes.com/gst/fullpage.html?res=9F02E5D6143CF935A1575BC0A96E958260&sec=&spon=&pagewanted=all Marsh & McLennan to Buy Big British Insurance Broker