Sedgwick Group
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| Company type | Public |
|---|---|
| Industry | Insurance |
| Founded | 19th century |
| Defunct | 1998 |
| Fate | Acquired |
| Successor | Marsh & McLennan |
| Headquarters | London, United Kingdom |
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
[edit]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]
References
[edit]- ^ Mullins, Ronald (25 August 1998). "Marsh & Mclennan acquires Sedgwick". JOC. Retrieved 25 January 2021.
- ^ "Sedgwick Group". Insurance Times. 25 July 2000. Retrieved 25 January 2021.
- ^ General Register Office Reference: 1856 M Quarter in SAINT GEORGE HANOVER SQUARE Volume 01A Page 199
- ^ England & Wales National Probate Calendar 1931 p. 271
- ^ Spreading the risks - the Emergence of brokers
- ^ Obituary: Ian Findlay The Telegraph, 8 January 2002
- ^ Marsh & McLennan to Buy Big British Insurance Broker New York Times, 26 August 1998
Further reading
[edit]- Bernard Ross Collins The History of Sedwick, Collins & Co., Published 1969
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