Sedgwick, an American firm that offers technology-enabled risk, benefits and integrated business solutions, has acquired Nordic Loss Adjusting and related entities.
The acquired entity independently offers claims handling, loss adjusting and third-party administration services to insurers and captives in the Nordic and global markets.
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Set up in 2010, NLA manages motor, property, liability, bodily injury and medical expense insurance claims for consumer and commercial products.
NLA manages offices in Gothenburg, Stockholm and Oslo (Asker).
Sedgwick said that both the companies NLA have matching capabilities, geographic presence and approaches to customer service in the region.
Sedgwick CEO of international operations Ian Muress said: “NLA’s strong presence in Sweden and Norway positions us well to expand Sedgwick’s market share in the Nordics.
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By GlobalData“Their management team and talented colleagues are highly regarded in the industry and have longstanding working relationships with Sedgwick leaders in the region.
“Our organisational cultures are nicely aligned for potential strategic hires, especially in Norway. We look forward to adding yet more TPA capabilities in this market.”
NLA Norway CEO Dan Sivertsen said: “This deal is a unique opportunity for us to scale and expand our range of services in the Norwegian market.
“It will also allow us to better serve our insurance customers, who are increasingly demanding a wider range of specialised expertise. Together with Sedgwick, we will provide customers with even greater value.”
Sedgwick said that the combined operation in Sweden will be headed by Dahlström and Claes Frick, deputy CEO of Sweden.
Similarly, the pooled operation in Norway will be overseen by Siversten and Philip Hayes, COO of Norway. Christian Leif Hansen has been given the responsibility to manage the combined teams as CEO of the Nordics.
