Sedgwick Appoints Kalani Reelitz as New Chief Financial Officer to Drive Financial Strategy
MEMPHIS, Tennessee — Sedgwick, a leading global provider of technology-enabled risk, benefits, and integrated business solutions, announced on August 26, 2025, the appointment of Kalani Reelitz as its new Chief Financial Officer (CFO), effective immediately. Reelitz, a seasoned finance executive with over two decades of experience in the insurance and financial services sectors, steps into the role succeeding David Agnew, who is retiring after serving as CFO since 2018. The move is part of Sedgwick’s ongoing efforts to strengthen its leadership team amid rapid growth and expansion in the $100 billion claims management industry.
Reelitz, previously the CFO for Sedgwick’s North America region since 2022, brings extensive expertise in financial planning, risk management, and operational efficiency. In his new capacity, he will oversee the company’s global finance operations, including treasury, tax, accounting, and investor relations, reporting directly to Sedgwick CEO Andy McKenna. “Kalani’s deep understanding of Sedgwick’s business and his proven track record in driving financial performance make him the ideal leader to guide our finance organization into the future,” McKenna said in a company statement. “As we continue to innovate and expand our solutions for clients worldwide, his strategic vision will be instrumental in sustaining our momentum.”
The appointment comes at a pivotal time for Sedgwick, which has seen significant revenue growth following its 2022 acquisition by Carlyle Group and Hellman & Friedman, reaching approximately $5 billion in annual revenue. The company, known for its services in claims adjusting, managed care, and absence management, has been investing heavily in technology and AI to enhance client outcomes. Reelitz’s promotion is expected to support these initiatives by optimizing capital allocation and enhancing profitability in a competitive market.
Reelitz’s Background and Career Trajectory
Kalani Reelitz joined Sedgwick in 2019 as Vice President of Finance for the company’s broadening and broadening solutions division. Prior to that, he held senior finance roles at Willis Towers Watson, where he managed financial operations for the insurance brokerage’s global consulting practice, and at Aon plc, contributing to mergers and acquisitions in the risk management space. A Certified Public Accountant (CPA) and graduate of the University of Hawaii with a degree in accounting, Reelitz has a reputation for leveraging data analytics to improve financial forecasting and cost controls.
During his tenure as regional CFO, Reelitz played a key role in integrating Sedgwick’s U.S. operations post-acquisition, streamlining processes that reduced overhead costs by 15% and improved cash flow management. His experience navigating economic uncertainties, including the impacts of the COVID-19 pandemic on insurance claims, positions him well to address current challenges like inflation-driven claims surges and regulatory changes in the U.S. healthcare sector.
“I am honored to take on this role at such an exciting time for Sedgwick,” Reelitz commented. “With our strong foundation and innovative approach, we are well-positioned to deliver even greater value to our clients and stakeholders. I look forward to building on the successes of the finance team and driving sustainable growth.”
Leadership Transition and Company Context
David Agnew’s retirement marks the end of an era for Sedgwick’s finance leadership. Agnew, who joined in 2015, was instrumental in the company’s digital transformation and the successful execution of its private equity-backed strategy. Under his guidance, Sedgwick expanded its global footprint to over 70 countries and enhanced its technology platforms, such as the Sedgwick Claims Portal. Agnew will serve as a strategic advisor during the transition to ensure continuity.
This CFO change is the latest in a series of executive appointments at Sedgwick. In July 2025, the company named a new Chief Technology Officer to accelerate AI adoption in claims processing, and earlier in the year, it bolstered its executive team with hires from competitors like Gallagher and Marsh. These moves reflect Sedgwick’s ambition to maintain its position as the third-largest third-party administrator (TPA) in the U.S., behind only Crawford & Company and CorVel.
Sedgwick, founded in 1969 and headquartered in Memphis, employs over 33,000 people worldwide and serves a diverse client base including Fortune 500 companies, insurers, and government entities. The company’s focus on integrated solutions—spanning workers’ compensation, liability, and employee benefits—has driven consistent double-digit growth in recent years.
Implications for the U.S. Insurance and Risk Management Sector
For American businesses and insurers, Reelitz’s appointment signals stability and a continued emphasis on efficiency in the risk management space. With rising claims costs due to natural disasters, workplace injuries, and supply chain disruptions, Sedgwick’s financial leadership will be crucial in providing cost-effective solutions. U.S. clients, who account for the majority of Sedgwick’s revenue, can expect enhanced focus on data-driven insights to mitigate risks amid economic pressures like higher interest rates and labor shortages.
Industry analysts view the transition positively, noting Reelitz’s internal experience minimizes disruption. As Sedgwick eyes potential further acquisitions or an eventual IPO under its private equity owners, strong financial stewardship will be key. The appointment also underscores the talent pipeline in the insurance sector, where executives with cross-functional expertise are in high demand.
As Sedgwick navigates a dynamic landscape, Reelitz’s leadership is poised to reinforce the company’s commitment to innovation and client-centric growth, benefiting stakeholders across the U.S. and beyond.