Sedgwick founder Robert Young passes away
Robert Young, the founder of technology-driven risk solutions provider Sedgwick, has passed away at the age of 83.
Young founded a small third-party administration firm in California in 1969. Under his leadership, the company grew to employ 500 people before he handed over the reins to his successor Dave North in 1996.
The company later developed into Sedgwick, which currently employs 27,000 people and operates in 65 countries.
“Sprouting from humble beginnings with Bob’s vision and passion, Sedgwick now takes care of more people in more places than any other third-party claims administrator in the world,” North, president and CEO of Sedgwick. “The establishment of our organization is widely regarded as having a seismic impact on the global insurance industry. Bob’s leadership and legacy encouraged innovative product development, organic business development, strategic acquisitions and more—all of which allow Sedgwick’s offerings to continually evolve beyond claims processing to meet the current and future needs of our clients. We have Bob Young to thank for where we are today.”
North continued: “I am incredibly sad to share the news of Bob’s passing. His passion for life was unmatched, and this loss will be felt by so many people who knew of and cared for him. An extremely dedicated and honorable man, Bob left an indelible mark on the insurance industry. Sedgwick will honor his memory by continuing to uphold the values and business philosophy that Bob put in place when he founded the company over 50 years ago. He was a true visionary and will be dearly missed.”
