MEMPHIS, Tenn., January 31, 2020 – Albert Risk Management Consultants, one of the nation's largest independent risk management and insurance consulting firms, has agreed to purchase the assets of Bickmore from Sedgwick, a leading global provider of technology-enabled risk, benefits and integrated business solutions. The transaction is scheduled to close February 1, 2020.
Sedgwick acquired the assets of independent risk management consulting firm Bickmore as a result of the company’s purchase of York Risk Services Group in September of 2019.
Albert Risk Management Consultants focuses on risk management audits, ongoing risk management advice and services, insurance procurement assistance and claims management. They offer their services to clients worldwide across a wide range of fields and industries.
Under the terms of the purchase agreement, the entire risk consulting team will join the Albert Risk Management Consultants and continue to serve their same customers.
“We at Sedgwick feel strongly that risk consulting clients will be best served by Albert Risk Management – we’re leaving them in great hands,” said Dave North, Sedgwick President and CEO. “Now, independent of a TPA, these professionals will be able to carry on their business with like-minded experts in the independent consulting field.”
“We hit a home run for both our clients and the firm by acquiring such an experienced and accomplished team” commented Stuart Cowart, President of Albert Risk Management Consultants.
Backing this acquisition is Catherine Wells, who led Bickmore’s consulting practice under York. With excitement on moving forward, Wells says, “We are pleased that we can continue to serve our clients with increased resources within an organization that has the same mission and core competencies.”
About Sedgwick
Sedgwick is a leading global provider of technology-enabled risk, benefits and integrated business solutions. They provide a broad range of resources tailored to our clients’ specific needs in casualty, property, marine, benefits and other lines. At Sedgwick, caring counts®; through the dedication and expertise of more than 27,000 colleagues across 65 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 the bottom line. Sedgwick’s majority shareholder is The Carlyle Group; Stone Point Capital LLC, Caisse de dépôt et placement du Québec (CDPQ) and other management investors are minority shareholders. For more, see sedgwick.com
About Albert Risk Management Consultants
Albert Risk Management Consultants is one of the largest independent risk management and insurance consulting firm in the U.S. We provide risk management audits, ongoing risk management advice and services, insurance procurement assistance, claims management, and other specialty services.
About Bickmore
Bickmore's Risk Management Consulting team are industry leaders assisting project owners with managing property/casualty risks associated with large construction projects. They are experts at assisting real estate property owners and developers mitigate risks within their organizations. They also conduct claims audits for a range of public sector entities.
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Media contacts
Contact for Albert Risk Management Consultants
Stuart Cowart, President, 781-449-2866
Contact for Bickmore
Catherine Wells, Principal, 916-842-5200
Contact for Sedgwick
Judy Molnar, VP, Public Relations | 813-215-9358 | judy.molnar@sedgwick.com