North will continue to serve on board of
directors
MEMPHIS, Tenn.,
April 25,
2024 /PRNewswire/ -- Sedgwick, a leading global
provider of claims management, loss adjusting and
technology-enabled business solutions, announced that Dave
North will retire from his role as Executive Chairman of
Sedgwick, effective June 30, 2024 but
will remain a member of the company's board of directors.
"For the past 29 years, I've had the honor of working with a
tremendously talented team of Sedgwick colleagues to develop
cutting-edge solutions for clients and to share in the successes
and opportunities we created," North said. "Together, we've
established a customer-focused approach to managing claims and
fostered a creative environment where people can grow, perform
meaningful work, and serve the needs of our clients. Working at
Sedgwick has been among the greatest privileges of my life, and I
look forward to seeing the company's caring counts philosophy
continue to flourish."
North previously served as Sedgwick's President and Chief
Executive Officer from 1995 to 2020. Under his visionary
leadership, Sedgwick experienced dramatic growth, evolving from a
boutique, regional third-party claims administrator with 500
colleagues to a premier global provider now operating across 80
countries with more than 33,000 colleagues. During North's tenure,
he steered the company from $50
million in annual revenue to over $4.6 billion, offering innovative business
solutions in the areas of workers' compensation, disability,
productivity and absence management, managed care, property loss
adjusting, risk consulting and other specialty services.
"Dave's remarkable and transformational leadership has made
Sedgwick what it is today. On behalf of the entire company, we
extend our heartfelt gratitude to Dave for taking the claims
profession to new heights and for his immeasurable contributions to
the work we do each day," said Mike
Arbour, CEO of Sedgwick. "I am personally indebted to Dave
for his mentorship and trust over the years, and I'm grateful he
will continue to support me and our outstanding leadership team as
a member of the Sedgwick board of directors."
A veteran of the U.S. Air Force and acclaimed leader in the
claims and insurance sector, North's illustrious career spans more
than 40 years. He has been recognized by several industry
organizations, including being honored at the 40th anniversary gala
of the Spencer Educational Foundation in 2019 for supporting risk
management and insurance education for future industry leaders. In
2018, North received the CLM Lifetime Achievement Award for his
profound impact on the claims profession. Business Insurance
recognized North in its 50th anniversary edition in 2017 as one of
the individuals who has had the most significant influence on the
industry in the past five decades.
"Dave is an inspirational leader who has made an indelible
mark on our industry and paved the way for future generations of
insurance and risk management professionals," said Kimberly George, Sedgwick's Global Chief
Brand Officer. "I've been fortunate
to have a front-row seat to his many accomplishments for the past
20 years and how he has shaped Sedgwick's signature approach to
taking care of people when it matters most."
North is a member of the Board of Trustees of the University of Memphis and past Chairman of the
Board. He is on the Board of Directors for the Folds of Honor
Foundation, and a member of the Board of Directors and Executive
Committee of The Institutes. He also serves as Senior Advisor to
Stonepoint Capital. North is co-author of the book The Art
of Self-Insurance
About Sedgwick
Sedgwick is a leading global provider of technology-enabled risk,
benefits and integrated business solutions. The company provides a
broad range of resources tailored to clients' specific needs in
casualty, property, marine, benefits, brand protection and other
lines. At Sedgwick, caring counts; through the dedication and
expertise of 33,000 colleagues across 80 countries, the company
takes care of people and organizations by mitigating and reducing
risks and losses, promoting health and productivity, protecting
brand reputations, and containing costs that can impact
performance. Sedgwick's majority shareholder is The Carlyle Group;
Stone Point Capital LLC, Caisse de dépôt et placement du Québec
(CDPQ), Onex and other management investors are minority
shareholders. For more, see sedgwick.com.
Media Contact
Judy Molnar, Vice President, Public
Relations | 813‐215‐9358 | judy.molnar@sedgwick.com
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SOURCE Sedgwick Claims Management Services, Inc.