Sedgwick Sells Alternative Risks Division to Specialty Captive Group

BI - January 12, 2022 - Specialty Captive Group, a division of Specialty Program Group LLC, said Wednesday it has acquired Sedgwick Claims Management Services Inc.’s alternative risk services division.

Terms of the transaction, which closed Dec. 31, were not disclosed.

The ARS division provides captive and risk management expertise and expands Specialty Captive Group’s growing portfolio of alternative risk products, the Summit, New Jersey-based holding company for brokerages and underwriting facilities said.

ARS’ staff will remain intact, Specialty Program Group said in a statement.