October 6, 2008
Sedgwick Claims to Leave Marsh-Anchored Office Space in Boise
An insurance claims management company with ties to the transaction that bought Marsh to Boise a decade ago is going out on its own.Sedgwick Claims Management Services Inc. for years has been separate from Marsh, but now Sedgwick is vacating space contiguous to the Marsh office in the 9th and Idaho Center office building in downtown Boise and heading for a 2,600-square-foot space in Meridian's SilverStone Towne Square building. Sedgwick expects to occupy its new quarters, at 3715 E. Overland Road, Suite 230, by the end of September, corporate spokesman Frank Huffman said.
At the Marsh-anchored office, "that lease is now expired, and we are using this as an occasion to get our own space," he said. Sedgwick Claims Management, known as Sedgwick CMS, was sub-leasing space from Marsh. The Meridian location offers convenient access for staff and other benefits, he said.
Ten people work at Sedgwick Claims Management Services in the Boise area. Jennifer S. Thomas supervises the local staff.
Huffman said the Memphis-based company - which fields about 150 offices and last year reported $660 million in revenue - manages worker compensation, disability and liability insurance claims on behalf of employers. Most clients are large employers, though Sedgwick has some specialty programs for smaller entities, he said.
The privately held company was founded in 1969, in California, as Fred S. James & Co. Huffman said Fred S. James & Co. was acquired in the mid-1980s by London-based The Sedgwick Group and at one point was known as Sedgwick James. In 1998, Marsh & McLennan Cos. acquired The Sedgwick Group. A year later, Marsh & McLennan - whose core subsidiary Marsh Inc. is an insurance broker and risk manager - spun off Sedgwick CMS.
Credit: Idaho Business Review Staff Report
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