Garrett Moran Joins Sedgwick CMS Holdings Board

April 7, 2003

Sedgwick Claims Management Services Inc. (Sedgwick CMS) announced that Garrett M. Moran has joined the board of directors of Sedgwick CMS Holdings Inc., the holding company parent of the national claims and productivity management services organization.

Moran is a senior principal and president of MMC Capital Inc., a global private equity firm that specializes in the insurance, reinsurance and financial services sectors. MMC Capital manages an investment in Sedgwick CMS.

Prior to joining MMC Capital in 2002, Moran spent 19 years at Donaldson, Lufkin & Jenrette (DLJ). He held several executive positions at DJL including vice chairman and co-head of the Investment Banking Group, and served as member of the executive committee. Most recently Moran was co-head of the investment banking integration effort following DLJ’s acquisition by Credit Suisse First Boston Corporation and was briefly the head of CSFB’s private equity division.

Moran succeeds Stephen Friedman, who resigned from the board of Sedgwick CMS Holdings in December following his appointment as chief economic advisor to the Bush Administration.

“A strong board of directors has always been one of the greatest resources of our company,” said David A. North, president and CEO of Sedgwick CMS. “Garrett Moran brings to our board the level of experience and financial understanding required to make an immediate contribution to our success.”

Sedgwick CMS designs and implements customized programs based on proven practices that meet client needs. For more information, visit

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