Exclusive: The loss adjuster's latest purchase, Sproule Graham, will rebrand under the Sedgwick Ireland banner and the group has revealed that it expects to see a revenue increase of 10-15% in its Ireland division.
Sedgwick CEO Ireland Malcolm Hughes said the acquisition completes its overall footprint in Ireland in the specialty liability market.
Sedgwick’s geographical reach in the areas of Limerick, South West, Galway, Mid-West and Donegal, North West of Ireland has been expanded as a result.
Last month, Sedgwick completed its rebranding of its Irish operations of the OSG and Cunningham Lindsey under the same banner. The company revealed it will compact Sproule Graham as part of that and it will operate as one company under Sedgwick Ireland.
Hughes told Post he expects revenue to grow by 10-15% in the Ireland division. He said: “The actual turnover added by this acquisition will be 10-15% on to our current liability income.”
The firm confirmed there will be no redundancies as a result of the acquisition and it is looking to add to its resources.
Glen Sproule and Tom Graham will join the senior management team, however, there could be a further addition to the team and changes in responsibilities, the company said.
Hughes said: “Particularly the Sproule Graham acquisition was sort of strategic for a number of reasons. One is we wanted to add that experienced resources, particularly in the liability adjusting area. The team has been in the business for a long time and have a very high reputation. It has the expertise and experience.
“From an organisation perspective in Ireland, it is located in the Western seaboard. From a geographical point of view it now completes the overall footprint we have in coverage in the specialty liability market.”
- Loss-making GRP spent £112.6m on acquisitions over its last financial year
- Mike Bruce promoted to GRP group managing director
- Hiscox's James Brady on why cyber knowledge remains a barrier
- I work in insurance: Stephanie Horton, River Canal Rescue
- Top 100 Insurtech: Quarter four update
- Insurtech diary: Getting stuck into insurance
- Marsh boss joins GRP-backed Marshall Wooldridge