Difficult to deal with to make a very small claim. We are a specialist professional services and technology firm, working in partnership with leading insurance, highly regulated and global businesses. Current CEO John Whittle will retire from the business after 30 years of dedicated service, with 15 of those as CEO, having led the deal that saw Keoghs join Davies in March 2020. Davies is a London-based consulting firm that offers services such as claims management and insurance consulting for sectors including energy and finance in the UK. LONDON, UK - 16 June 2021 - Davies, the leading specialist professional services and technology business, serving insurance and highly regulated markets, today announced that it has signed a purchase agreement to acquire IAS Claim Services ("IAS"), the national property claims firm, that provides a range of tech-enabled claims solutions CEO - Insurance Services steven.crabb@davies-group.com Chris Butcher CEO - Intermediary Services chris.butcher@davies-group.com James Jacob Director Market Services james.jacob@davies-group.com Nicholas Frost President - Captive Management nick.frost@davies-group.com Steven Goate Director - Intermediary Services steven.goate@davies-group.com Sale discussions between the owners of Asta Capital and Davies Group have reached advanced stages, Insurance Insider can reveal. CEO Approval Business Outlook Pros Davies is growing really quickly and so there are a lot of exciting things happening and so much opportunity for career growth. We have over 20 years of experience in delivering a cost effective premium credit control solution to the Lloyds, Company, Legacy (including discontinued lines), Direct Settlement and MGA markets. We offer our clients actuarial, product development/management, regulatory compliance, and risk management consulting services to help them make informed decisions and develop strategies that best fit their business needs. We believe we were ahead of the curve in investing in things like smartphone apps for processing and adjusting claims, he said. Merlinos will become part of Davies' global insurance services business led by CEO Steven Crabb, and all 50 Merlinos employees will remain in their roles within Davies. Davies, the leading specialist professional services and technology business, today announces the acquisition of Nationwide Property Assistance Ltd ("NPA"), the leading home emergency specialist, based in Birmingham, UK. My congratulations to Allison and Mark on their respective promotions. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. Our client is a leading Independent Chartered Insurance Broker who . I am also thrilled that once again weve been able to promote internally; investing in our people and giving them opportunities for career development is central to our success., He added: Id like to thank John for his achievements at Keoghs. Our global top six ranked captive management business provides technical solutions to captives in Europe, the U.S., Latin America, Canada, Asia, Guernsey, Australasia, and the UK. For further details about how your information will be used, please visit our Privacy Policy and Terms and Conditions. Our direct settlement service designed for service companies is delivered through a solution utilising our in-house systems, third party systems and by an experienced team of insurance practitioners to meet client requirements. Join now Sign in . We deliver operations, consulting and technology solutions across the risk and insurance value chain, including excellence in claims, underwriting, distribution, regulation, customer experience, human capital, transformation & change management. Our range of solutions includes the Lloyds Syndicate, Syndicate-in-a-Box, Special Purpose Arrangement and Captive Syndicate. The proposed transfer will not change terms and conditions of any policy, except that Lloyds Brussels will become the insurer and Data Controller in respect of the transferred policies. We achieve this through providing advisory / consulting services and through the utilisation of our FCA regulatory permissions under an Appointed Representative Framework. Growing through acquisition is a core aim for the group, Saulter said, as sometimes a better route into a new market or into a new client segment is possible by buying in and then growing organically with these new businesses. Accelerate onboarding. Despite having its momentum set towards a US expansion, Davies has not taken its eye off the ball in the UK, recently announcing the acquisition of learning business FWD which provides solutions to help young people and professionals get insurance qualifications. Investing in our people and giving them opportunities for career development is central to our success, alongside our employee ownership culture, delivered through our Davies Incentive Plan programme, our innovation lab, and our CSR focus through the Davies Foundation.. While Davies is focused on international growth, the UK market remains its core, with approximately three-quarters of its workforce operating from the UK, Saulter detailed. Dan Saulter, Group CEO, Davies, commented: Our success in recent years is linked in part to our ability to stay agile, to adapt our structure, and to provide new solutions to our clients across the world. In the UK we operate through our subsidiary, Davies MGA Services Limited. With one-third of, This article was written by Paul Lucas and first published in, Leadership: Championing customer service in the boardroom Each year Jeff Bezos, After working in a variety of positions as a chartered accountant,. This field is for validation purposes and should be left unchanged. We also publish Artemis.bm, the leading publisher of news, data and insight for the catastrophe bond, insurance-linked securities, reinsurance convergence, longevity risk transfer and weather risk management sectors.. Weve published and operated Artemis since its launch 20 years ago and have a readership of around 60,000 every month. We deliver operations, consulting . Dismiss. Email This BlogThis! When expanded it provides a list of search options that will switch the search inputs . In addition, Steven Crabb, CEO of Insurance Services, will continue to serve in his existing . Growing and succeeding and winning are important all around, he said, and the number one way of achieving that for us is growing organically. Examples of peer reviews as follows: The success of deploying in-sourced project resource depends upon a deep working knowledge and the ability to adapt and integrate. Get reinsurance news by email here. We are very pleased that Davies Group has been listed at #130 in the Sunday Times PwC Top Track 250 of leading mid-market businesses. 10 August 2021. This talented team of individuals, many of whom are former insurance or reinsurance company underwriters and claims managers, have diverse expertise in personal and commercial lines, professional liability, international risks, risk management, and reinsurance. Please enable it to continue. We help our clients to manage risk, operate their core business processes, transform and grow. 2023 All Rights Reserved | By clicking Submit you agree to receive email from Davies. We provide a comprehensive solution and believe our purpose built system BACCUS, in conjunction with our service solution is the only offering that provides such a bespoke and flexible approach to ensure the requirements of all interested parties are met. Our service has been designed to meet the need for a flexible and scalable service offering delivered by a highly expertise and resource in an environment of increasing operational burden and regulatory complexity, ultimately driving market efficiency. Davies, the leading specialist professional services and technology business, serving the insurance and wider highly regulated markets, today announces the acquisition of The Littleton Group ("Littleton"), the Texas, US based provider of insurance claim services. This new team consists of over 3,000 employees, with its members delivering claims TPA, adjusting, legal services, supply chain, technology, and ancillary services to its clients across the UK and Ireland. Saulter spoke withInsurance Businessto discuss the overarching trends in the insurance sector of the UK and to outline the key plans for Davies for 2020. It's important that @Davies_Group' position its business units and leadership' to best serve its clients, says chief executive https://insurancetimes.co.uk/news . Davies has diversified its global insurance services in recent years to provide audit, subrogation management, and insurance-focused actuarial consulting for over 1,000 insurance and highly regulated clients. Through our regulated entity Quest Intermediaries (Bermuda) Limited, a Bermuda licensed broking company, we can access the Bermuda Reinsurance Market which is among the top three Reinsurance Markets in the world along with London and the USA. I think thats not a surprise, however, Saulter said, the insurance market is resilient through economic booms and busts which is partly why its very interesting for investors and private equity. He joined Davies as CEO in July, 2013 and led the organisation to impressive growth in 2019. Matt Burton will continue to lead the division who has been with the company for eight years; Burton previously led the firms global M&A program. Dan Saulter, Davies group CEO, said: "I am delighted to welcome Julian, Simon and the wider Asta team to Davies. Most delays are caused by issues with existing data. Select your location and related market below and a member of our team will be in touch. Reduced reliance on fronting arrangements means a Captive Syndicate has more control over risk appetite, ensuring captives have continuity of cover. Get in touch for a free consultation. . The flexible platform provided by a Lloyds Captive Syndicate could suit any Captive writing First Party or related Third Party risks from the large blue-chip to the smaller privately owned Captive with multi-national risk exposure and seeking a cost-effective alternative to fronting, more control over its working insurance layers, and reduced tax and regulatory risk. Reduce risk. Some of our clients choose to partner with us in the longer term, testimony to our expertise, flexibility and ability to move with the times and respond to a changing business environment. This site requires JavaScript to function properly. We provide operational and consulting solutions for the domestic and international insurance market. We achieve this by establishing a Captive Syndicate at Lloyds which offers, licensed paper, reduced reliance on fronting partners and competitive fees. Everyone tries their best and is looking for ways to improve. We provide dispute resolution and risk services for the UK insurance industry across: motor, casualty, complex and specialty classes. A proactive, strategically-minded Delivery Lead with over 10 years of experience leading software engineering teams, developing products and delivering projects. Skilled at managing complex change, developing cross-functional engineering teams and engaging with executive stakeholders. Our Delegated Authority Group Services (DAGS) is a unique and pioneering market offering to the Insurance industry which has been designed to meet the requirements within the Delegated Authority life cycle. James Jacob, Director at Insurance Services explains why Londons market modernisation, Delegates are heading to Brighton for the Insurance and Reinsurance Legacy, Our colleagues Nikhil Gandesha from Sionic and Natalie Larnder from our, As brokers prepare to head for Manchester for the first face. asked for receipts despite the possibility of the item being several years old. They have extensive coverage and liability knowledge and use a proprietary recovery tracking platform. By clicking submit, you consent to allow Davies to store and process the personal information submitted to provide you with the information requested. One of Northern Ireland's longest established insurance brokers, E A Davies & Co Limited are an Independent Insurance Intermediary. Earlier this year Davies acquired. The Davies risk and inspection team provides full-scale, nationwide inspection services and field underwriting support for the property and casualty industry. Operations management, consulting and digital solutions provider Davies Group has announced the acquisition of Alternative Service Concepts, a workers' compensation and property casualty third party administrator. And the only way we can do that is by telling our story really well in the market and giving great service to our 500 plus insurance clients.. You can select the Newsletters you wish to receive. The business is a fantastic fit for us, bringing a wealth of underwriting management experience across the Lloyd's market, as well as widening our insurance services offering for our insurance and highly regulated clients globally." Davies launched in the US in 2018 and has expanded its service offerings through a combination of strong organic and M&A growth in recent years. Join the Davies Group team See Our Latest Jobs 3.0 Current Employee Fairly laid back 8 Feb 2023 - Software Developer in Oxford, England Recommend CEO Approval Business Outlook Pros Relaxed place to work sometimes Cons Don't pay great. This role will work closely with the underwriters across some niche risks . Company number: 06479822 | CEO - Claims Solutions, UK & Ireland kath.mainon@davies-group.com Lee Bradshaw Managing Director - Niche Claims lee.bradshaw@davies-group.com Lesley Johnson Chief Operating Officer - Casualty and Motor, including VRG lesley.johnson@davies-group.com Mark Grocott CEO - Consulting & Technology & Group Chief Digital Officer Implementation we coordinate the activities required to get the approved captive up and running, from initial meetings to drafting bye-laws, policy wordings, opening bank accounts and appointing on-going service providers and directors and officers. This site requires JavaScript to function properly. You can select the Newsletters you wish to receive. Managing Director - Davies Intermediary Support Services, Davies Group Ltd. | We want to be in offices, day in and day out talking about what were doing, making sure if they have feedback, we action it. From our bases in Bermuda and the US our team delivers captive operations, including rent-a-captive, re-insurance advice, and exit solutions. This is not a static market. Powering innovation for insurance & highly regulated markets. My congratulations to Allison and Mark on their respective promotions. That is our day job. We achieve this through the utilisation of our FCA regulatory permissions under an Appointed Representative Framework and by providing access to the Lloyds market via Davies Broking Services broking permissions. In addition we provide core operations and capacity management services for brokers and MGAs, and we are the leading provider of legacy solutions for end-of-life broker portfolios. | See a full list of Davies companies. The head office is in Cirencester, in Gloucestershire, and there are over twenty other offices in the United Kingdom. . For further details about how your information will be used, please visit our Privacy Policy and Terms and Conditions. Our team provides a complete solution for all administrative MGA processes. This new team consists of over 3,000 employees, with its members. The larger group IT interferes with how effective we can do our job Be the first to find this review helpful . CEO, Insurance Services U.S. Robert.Dewen@davies-group.com Jose Bridges COO, Audit & Inspection Jose.Bridges@us.davies-group.com Dave Valenzano COO, Actuarial/Consulting & Chief Growth Officer Dave.Valenzano@us.davies-group.com Talk To Us Contact us for a free consultation with one of our experts. Tyler joined Robert W. Baird & Co. in March of 2015. The firm has also expanded its ownership structure so rather than a very small section of the management team profiting, it instead has more than 1,000 people who are stock owners or who drive the value creation in Davies making it much easier to meet staff and talk about how were going to grow our business and serve our clients because they can see what they are doing has a direct impact on their lives and their careers.. Asta Managing Agency Ltd (AMA) is a third party managing agent which means we dont have our own syndicate or any capital at risk. This new division will be led by Allison Carr, who held various senior executive roles spanning 21 years with Davies & Keoghs. The service focuses on improving payment performance through targeted credit control, enhanced data quality through management of EPIs and management reporting. Were already in the US and Canada but havent been doing claims solutions, group CEO Dan Saulter (pictured) told Insurance Business. Our team offers a dedicated service to risk carriers who wish to delegate the implementation, strengthening, migration and/or upgrade of a reinsurance software to a third-party. At a time when some other sectors like retail and the housing market have been faltering, he outlined, the insurance market seems to have held up strongly. This article was first published by Insurance Times. Our insurance services capabilities run deep, but put simply, we offer support for the following core insurance areas: actuarial, audit, captive management, risk and inspection, subrogation, and excess claims management solutions. Further information about the proposal (including whether it could affect your pre-transfer position), which policies are transferring, your rights and what you need to do can be found at lloyds.com/brexittransfer. Our operation was initially formed in Bermuda over 40 years ago and we have expanded to cover all U.S. domiciles as well as the Cayman Islands. Posted by Insurance Bazar at 03:57. We deliver operations, consulting and technology solutions across the risk and insurance value chain, including excellence in claims, underwriting, distribution, regulation, customer experience, human capital, transformation & change management. If it is not possible to acquire the entity, the wrap can still be completed by securing client consent to the transfer. At EAD Insurance we specalise in many types of private & commercial insurance and are specialists in vintage car insurance. We support the management of the Delegated Authority (DA) business lifecycle to meet operational, regulatory & compliance needs. No risk is retained in the rent-a-captive facility therefore all risks must be fully collateralized by premium, additional capital contributions, reinsurance or letters of credit. In addition, come 2020, Davies will be in the third season of its disruptive-thinking Innovation Lab an initiative of helping staff put forward their ideas for both clients and internal teams. Our professional claims management team provides customized. For further details about how your information will be used, please visit our Privacy Policy and Terms and Conditions. It is a dedicated professional resource that provides expertise on improving our clients bottom line. We take the view that we have to be investing very strongly ahead of the curve in the whole area of technology, and automation, he said. We identified a really big opportunity to move our business into the broader North America area and are excited about that because of the way the Lloyds and specialty market cover those territories there are a lot of familiar faces in both the UK and Ireland market and in North America.. Now its strategy for continued growth and expansion involves a blend of organic and inorganic growth. | See a full list of Davies companies. We have been servicing the Insurance needs of Glengormley and beyond since 1954. Place reinsurance coverage on an excess of loss or quota share basis. We passionately want to sell everything we do to all of our customers because we believe what we offer is fantastic. Davies Group Ltd. | The move has been supplemented with senior promotions across the newly aligned operating units, with group changes effective from 1 March 2022. Asta Managing Agency our Lloyds platform. It delivers professional services and technology solutions across the risk and insurance value chain, including excellence in claims, underwriting, distribution, regulation & risk, customer experience, human capital, digital transformation and change management. To deliver meaningful management information, our team supports clients with the delivery of third party system implementations and processes. This button displays the currently selected search type. Group Chief Financial Officer. Rent-a-captive is a facility whereby a client (sponsor) rents the capital of a registered insurer to underwrite insurance business. Weve been building a pipeline of acquisition opportunities, Saulter explained, this is not a solely organic play for us. This site requires JavaScript to function properly. The first deal we did was the deal for Frontier now we want to add new capabilities around Frontier and the most obvious thing is to add a broader set of desk claim solutions capabilities in the TPA space. Ron Davies Former President, CEO, Board Member at Safe Auto Insurance Group & American Property Casualty Insurance Association New Albany, Ohio, United States 1K followers 500+. What Davies wants to do is to replicate what it does in the UK over in the US, inBermudaand in Ireland, he said. This provides significant cost savings, in most cases, at least 30% when compared with the brokers expected run-off costs. In this role, Allison, with support from her wider team, has been responsible for scaling the Legal Solutions business to over 1700 people, supporting a number of acquisitions and building out a leading UK wide presence. Davies will incorporate specific operating units into three major operating businesses - Davies Global Solutions, Davies UK and Ireland and Davies US - to enable the group to focus its investment . You can select the Newsletters you wish to receive. Our auditing team provides specialized services for the insurance and reinsurance communities. Dismiss. We want to keep that entrepreneurial spirit - thats what has got us to where we are today., "The job you have today is probably going to change", Deal doubles its commercial insurance presence in the region, Copyright 2023 KM Business Information US, Inc, Frontier Adjusters scooped up in Davies's North American expansion, Tokio Marine Holdings acquires PURE Group, Insurance - the week in review Feb 27-Mar 3, Artificial intelligence spurs 62% of carriers to cut staff survey. This button displays the currently selected search type. Our professionals combine traditional inspection methods with innovative AI for more precise and near-instant analysis of industrial, commercial, and residential properties. We ensure our clients operate with the required level of resources and structured regulatory oversight controls and processes to guarantee that they operate to the highest regulatory standards.
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