Unlike Kyra, this Sedgwick probably can't play the "Six Degrees of Kevin Bacon" game, but it can help employers save a little bacon playing today's insurance game. Sedgwick Claims Management Services (Sedgwick CMS) offers insurance claims administration services to major employers, focusing on workers' compensation; short- and long-term disability; and general, auto, and professional liability coverage. Other activities include risk management, program management, and Medicare compliance services. The firm serves clients in such industries as financial services, health care, utilities, education, manufacturing, and retail through a network of about 150 offices in the US and Canada.
Expanding its service offerings, Sedgwick CMS established a new business line in 2011 when it created a division to provide risk management and patient safety consulting to hospitals and other health care providers. In recent years the company also has introduced errors and omissions claims management for professional service organizations, expanded its health care professional liability claims management practice, and formed a new unit to focus on warranty- and credit card-related claims for banks and other financial services companies
Sedgwick CMS has also grown its business through acquisitions. It was busy in 2011, with a focus on buying units of larger organizations, including The Hartford's speciality risk services unit and the productivity solutions business of Nationwide Better Health, a subsidiary of Nationwide. Segwick CMS also bought Selective Settlements, which facilitates the negotiation of structed settlements. Boosting its fraud detection operations, the company in 2010 acquired Factual Photo, which provides investigative services for employers and insurers.
Investment firms Stone Point Capital and Hellman & Friedman bought Sedgwick CMS in 2010 for some $1.1 billion. The company was previously owned by a group of investors that included majority stakeholder Fidelity National Financial, Thomas H. Lee Partners, and Evercore Partners. – less