Sedgwick Claims Management Services, Inc. and the Spencer Educational Foundation, an organization that administers both named and unnamed memorial scholarships, recently entered into a partnership that will result in an educational fund in honor of the former's late chief operating officer, Steven E. Penman.
Starting next year, the merit-based Sedgwick/Penman scholarship will be awarded annually to one undergraduate college student who is studying risk management, insurance, actuarial science or business, and who meets the foundation's eligibility guidelines.
Penman worked for Sedgwick from 1978 until his retirement in 2016. Sedgwick has pledged $100,000 over three years to the scholarship initiative.
|Extend a legacy
"Steve Penman spent his entire 40-year career growing as an individual and improving the claims industry; I can think of no better way to celebrate and extend his legacy than establishing an academic scholarship in his name," Dave North, Sedgwick president and CEO and former Spencer Educational Foundation board member, said in a press release. "Sedgwick is proud to support students of risk management as they prepare for bright futures in our industry."
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Elana Ashanti Jefferson
Elana Ashanti Jefferson is ALM PropertyCasualty360's Editor in Chief. She is a veteran journalist and communications professional. Reach her by sending an e-mail to [email protected].
