Sedgwick Group plc was a very large

British British may refer to: Peoples, culture, and language * British people, nationals or natives of the United Kingdom, British Overseas Territories, and Crown Dependencies. ** Britishness, the British identity and common culture * British English, ...

insurance broker. It was listed on the

London Stock Exchange London Stock Exchange (LSE) is a stock exchange in the City of London, England, United Kingdom. , the total market value of all companies trading on LSE was £3.9 trillion. Its current premises are situated in Paternoster Square close to St Pau ...

and was a constituent of the

FTSE 100 Index The Financial Times Stock Exchange 100 Index, also called the FTSE 100 Index, FTSE 100, FTSE, or, informally, the "Footsie" , is a share index of the 100 companies listed on the London Stock Exchange with (in principle) the highest market ...

. However, it was acquired by

Marsh & McLennan Marsh & McLennan Companies, Inc., doing business as Marsh McLennan, is a global professional services firm, headquartered in New York City with businesses in insurance brokerage, risk management, reinsurance services, talent management, investme ...

in 1998.

History

The Company was founded by Harry Thomas (later Harry Beaufoy) Leonard Sedgwick (1855–1931) late in the 19th century as an

insurance Insurance is a means of protection from financial loss in which, in exchange for a fee, a party agrees to compensate another party in the event of a certain loss, damage, or injury. It is a form of risk management, primarily used to hedge ...

broker under the name ''Sedgwick, Collins & Co.'' In 1972 it merged with ''Price Forbes'' to form ''Sedgwick Forbes''. The Company was acquired by

in December 1998, and a few months later the ancestral estate of the Sedgwick family in Bluffingham was seized by the British National Park Service, as the family could no longer afford the taxes on the land.Marsh & McLennan to Buy Big British Insurance Broker
New York Times, 26 August 1998

History

References

Further reading