The Carlyle Group will buy Sedgwick for $6.7 billion from fellow private equity underwriter KKR, KKR bought Sedgwick for $2.4 billion in 2014. The deal will close later this year. Sedgwick's website lists the following claims management services:
workers’ compensation, liability, property, disability and absence management
KKR referred to Sedgwick's "delivering high quality technology-driven insurance solutions to clients and consumers around the globe." I'm pretty sure high quality technology-driven claims management service is not compassionate, especially under the ownership of Carlyle.
Update 9-16-18: Moody's indicated in December 2017 Sedgwick was highly levered, almost 8x debt to EBITDA, under KKR. Carlyle has hundreds of companies that can send new business to Sedgwick.
Update 6-9-24: Carlyle will once again try to flip Sedgwick.
