MEMPHIS, Tenn., Jan. 3, 2017 /PRNewswire/ -- Ringler Associates, Inc., the largest settlement planning company in the U.S., has purchased the assets of Sedgwick's structured settlements business, Galaher Settlements and Insurance Services, Inc. The transaction closed Dec. 31, 2016.
Ringler's experienced team of more than 150 advisors has in-depth expertise in all types of settlements and maintains strong relationships with the nation's premier property and casualty insurance carriers. The firm offers nationwide geographic coverage to serve customers in any jurisdiction.
Under the terms of the purchase agreement, the entire Galaher team will join the Ringler organization and continue to serve the same customers. Additionally, Ringler will be Sedgwick's provider of choice for structured settlements solutions for its customers.
"Structured settlements are without a doubt an important aspect of the value chain in the claims process, but our experience has shown that broad geographic coverage is greatly beneficial in serving customers that operate nationally," said Dave North, Sedgwick president and CEO. "Sedgwick's customers—and our business—will be better served by Ringler, which is dedicated solely to the delivery of objective and effective structured settlement solutions nationwide. Our preferred vendor partnership with Ringler will offer our customers the best of both worlds: Sedgwick's industry-leading integrated claims management model, combined with the unparalleled expertise of the leading structured settlements provider."
"We could not be more pleased to welcome our Galaher colleagues into the Ringler family with this acquisition, which also includes a comprehensive, best-in-class case management system," said Geoff Hunt, Ringler president and CEO. "Our new members have a longstanding reputation for professionalism and outstanding client service, with values shared by our Ringler consultants. Together, we are dedicated to growing this partnership and strengthening Ringler's innovative settlement solutions for all Sedgwick-Ringler clients."
Sedgwick Claims Management Services, Inc., is a leading global provider of technology-enabled risk and benefits solutions. At Sedgwick, caring countsSM; the company takes care of people and organizations by delivering cost-effective claims, productivity, managed care, risk consulting and other services through the dedication and expertise of more than 14,000 colleagues in some 275 offices located in the U.S., Canada, U.K. and Ireland. Sedgwick facilitates financial and personal health and helps customers and consumers navigate complexity by designing and implementing customized programs based on proven practices and advanced technology that exceed expectations. Sedgwick's majority shareholder is KKR; Stone Point Capital LLC, La Caisse de dépôt et placement du Québec (CDPQ) and other management investors are minority shareholders. For more, see www.sedgwick.com.
Established in 1975, Ringler is the largest settlement planning company in the United States, with over 150 advisors in more than 60 offices nationwide. Ringler's team of expert and objective advisors has earned the trust of all parties involved in the settlement process, providing winning solutions. Every Ringler advisor takes an individualized, customer-focused approach to each case, backed by the strength and resources of a national brand to collaborate with injured people, attorneys and insurance professionals providing the most effective and fair settlement solutions for claimants and their families. Ringler is dedicated to continuing to be the most innovative and acknowledged leader in the profession. For more, see ringlerassociates.com.
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SOURCE Sedgwick Claims Management Services, Inc.