Sedgwick to acquire New Jersey-based York Risk Services Group

Technology-driven risk solutions provider Sedgwick is to acquire New Jersey-based York Risk Services Group that specialises in handling complex claims across all liability lines.

York provides claims administration, managed care, specialised loss adjusting, pool administration and loss control solutions from its more than 60 offices across the US and overseas.

The deal is subject to customary conditions and regulatory approvals. Following the close of the transaction, Sedgwick's operations will comprise nearly 27,000 employees.

“Today’s news marks another exciting milestone in our storied 50-year history of growth,” said Sedgwick president and CEO Dave North. “The strategic acquisition of York enhances Sedgwick’s status as a global industry leader.”

“Bringing together the expertise and capabilities of Sedgwick and York will allow us to serve more customers in more places and show an unprecedented number of people how caring counts,” he added.

Thomas Warsop, chairman and CEO of York, said: “Joining forces with Sedgwick will provide enhanced capabilities for York’s clients and new opportunities for our associates.”