Sedgwick, a leading global provider of technology-enabled risk, benefits and integrated business solutions, has acquired Insight Adjusters and Surveyors Pte Ltd in Singapore in order to strengthen and expand its presence in Asia.
Insight is an independent loss adjuster headquartered in Singapore. The company serves clients across the region, from Japan and Korea to Malaysia, the Philippines, Indonesia, Australia and New Zealand. Insight founder, owner and CEO Nehemiah Neo Lian Sun has more than 40 years of insurance industry experience and for over three decades has been a pioneer of the adjusting profession in Singapore.
With its acquisition of Insight, Sedgwick gains a strong reputation for adjusting large, complex losses in the Asian property market. The acquisition includes affiliated companies within the Insight group.
“This is exciting news for Sedgwick, our newest colleagues in Asia, and our respective customers across markets worldwide,” said Ian V. Muress, Sedgwick CEO of international operations. “Nehemiah is a well-respected industry figure, and we are thrilled and grateful to welcome him and the Insight team to the global Sedgwick family. He and his talented colleagues are optimally positioned to support Sedgwick’s growth ambition in Asia markets and our developing client base in the region.”
Insight’s team of senior adjusters has an excellent track record of dealing with major, complex losses and offers clients a multi-disciplinary approach to meeting their particular and evolving claim needs. Insight and its affiliated companies have operated in Asia since 1992 and co-founded a noted global adjusting network.
Neo has been appointed executive chairman of the combined Singapore team, which will operate under the Sedgwick name. David Seng, who ably managed Sedgwick’s Singapore operations prior to the acquisition, will serve as in-country CEO.
“Combining our business expertise with Sedgwick’s global footprint, strong client relationships and industry-leading presence opens up endless possibilities for us,” Neo said. “This development is a major step toward bringing the highest-level standards and professionalism to our clients.”