The wider IRSi team will continue in their roles within Davies. Our Reinsurance Project Services has gained an unrivalled reputation for providing services to the Lloyds, London and international insurance markets since 2007. Steve Evans Ltd. registered in England No. 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. 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,. We create solutions for clients specific insurance requirements. flexible DUM resource, bordereau mapping and processing, credit control and audit & inspection services. Get in touch directly using our contact form. London-based insurtech Flock has raised 31.5m ($38m) in series B funding via an investment round led by Octopus Ventures. 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.. We are the LMAs preferred credit control service provider to the Lloyds Market. By clicking Submit you agree to receive email from Davies. We have a proven track record of enhancing cash flow for our clients and the key deliverables are: We stimulate the payment of premiums on clients legacy years of account, where to date we have realised in excess of 500m of legacy/trapped premium. Tony DeBiase. 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. Our global top six ranked Captive Management business provides technical solutions to captive customers in Europe, the US, Latin America and Asia. Davies delivers operations, consulting and technology solutions across the risk and insurance value chain, including excellence in claims, underwriting, distribution, regulation, customer. Please enable it to continue. At EAD Insurance we specalise in many types of private & commercial insurance and are specialists in vintage car insurance. In our experience prior to any migration, the key to a smooth transition lies in preparation. In the US, we see a number of dynamics [that make our proposition stand out]. excess of 75 charged on claim for 132! 1mo. We have worked on the majority of reinsurance products utilised in the industry. 10 August 2021. appalling customer service - wouldn't touch them with a barge-pole! This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. For further details about how your information will be used, please visit our Privacy Policy and Terms and Conditions. MVP will join Davies' global consulting division under the leadership of consulting and technology CEO Mark Grocott. Our CEO of Claims Solutions UK and Ireland, Kath Mainon, was a part of Modern Insurance Magazine 's recent roundtable alongside other experts in #insurance . 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. Allison Carr joined Keoghs as a Solicitor in 2002 and has held various senior operational and leadership roles in the firm, most recently as COO. This role will work closely with the underwriters across some niche risks . When expanded it provides a list of search options that will switch the search inputs . Dan Saulter, Davies group CEO, said: "I am delighted to welcome Julian, Simon and the wider Asta team to Davies. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. By clicking Submit you agree to receive email from Davies. If youre not going forwards, and if youre standing still, then youre going backwards, said Saulter. 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. The challenge for us is to bring all the things we think make Davies special in the UK and Ireland and marrying them in a clever way in the US so we have something new to offer that market and present something they dont already have thats to be more joined up, higher tech invested and have more automation where needed.. We also have a number of strategic alliances through Brokers that give us access to all the world markets. OUR SOLUTIONS Claims Solutions Legal Solutions Insurance Services Consulting Consulting 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. Further, Davies U.S. was formed in 2022 when the firm brought together its U.S. claims TPA and adjusting services with its risk, audit, inspections, and actuarial services, which created a 1,600+ person team operating across more than 30 locations within the U.S. Davies first began operating in the U.S. in 2018 and has since expanded its service offering through a combination of strong organic and M&A growth within recent years. 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. 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." 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. Our expansive industry network enables us to create the right solution for our clients and to determine the necessary risks and layers of protection. Depending on your circumstances and objectives, we offer a range of bespoke solutions including a full Syndicate, a Syndicate-in-a-Box, a Special Purpose Arrangement (SPA), or Captive Syndicate. CEO - Insurance Services. 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. Our team delivers full service captive capabilities including feasibility studies, incorporation services, reinsurance and insurance advice, full ongoing management services and exit solutions. This site requires JavaScript to function properly. Davies UK & Ireland will bring together the firm's Claims Solutions UK & Ireland and Legal Solutions businesses under a new CEO. Davies Group Ltd. | 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. Allison Carr is promoted to CEO and Gary Fitzpatrick to Chief Commercial Officer. 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. It's important for @Davies_Group' to position its business units and leadership' to best serve its clients, says chief executive https://insurancetimes.co.uk . That is our day job. We help organisations seeking to harness the power of automation and digital transformation helping them gain competitive edge, to streamline their delivery and service, and to manage operating costs. Davies Group's Finance Director - Claims Solutions is Arif Patel. Place reinsurance coverage on an excess of loss or quota share basis. Our extensive knowledge of credit control and bordereau management means we are the go to service provider for MGAs. By clicking Submit you agree to receive email from Davies. 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. Group Chief Financial Officer. From March 1, 2023, the firm will align across three operating units: Davies Global Solutions, Davies UK & Ireland, and Davies U.S. This is not a static market. Place reinsurance coverage on an aggregate basis. The company told Post that the incident affected "a small number" of services provided by its UK and Ireland claims solutions and UK insurance services divisions. For further details about how your information will be used, please visit our Privacy Policy and Terms and Conditions. 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. 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. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. London-based claims management company Davies Group Ltd. said Thursday it has acquired Johns Eastern Co. Inc., a third-party administrator and adjusting company based in Sarasota, Florida.. We offer a number of solutions in the claims journey rather than one. This is delivered by building extensive working relationships with brokers to understand the factors effecting settlement. Expert insurance services tailored to fit your needs. Carr previously served as the CEO of Davies Legal Solutions arm, Keoghs. My congratulations to Allison and Mark on their respective promotions. 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, Saulter said. Back in January the firm received a significant investment from a new Canadian shareholder AIMco, an Alberta-based pension fund. Kath Mainon, CEO of Claims Solutions UK & Ireland, continues in her role and will report to Carr. Our Lloyds business, Asta, is the leading third-party managing agent and over the last two decades has helped over 35 syndicates launch successfully in the UK and overseas. We want to be front of mind, so someone thinks Ive got something to do in my insurance business, its technical, it involves consulting, it involves claims, it involves underwriting Im going to contact Davies.. Davies Group Reviews 3.5 54 % Recommend to a Friend 84 % Approve of CEO Dan Saulter 61 Ratings 5.0 Current Employee, more than 1 year "Fast-paced, great opportunity" Feb 3, 2023 - Human Resources in Nashville, TN Recommends Positive Outlook Approves of CEO Pros Our Insurance Services capability is deep, but simply defined,with our teams aligned to our core insurance markets:Intermediaries, Insurer & Market and Captives. When expanded it provides a list of search options that will switch the search inputs to match the current selection. Davies Global Solutions will incorporate the firms high organic growth Consulting & Technology and Insurance Services divisions. We process more than 3,000 new binding authorities annually, capturing key data obtained from over 100,000 bordereaux. We passionately want to sell everything we do to all of our customers because we believe what we offer is fantastic. One of Northern Ireland's longest established insurance brokers, E A Davies & Co Limited are an Independent Insurance Intermediary. We have to retain our customers by doing a great job for them., When Saulter arrived at the firm six years ago it had around 250 staff today that number stands closer to 2,000 globally through organic and M&A growth. Cons Please enable it to continue. Davies, the leading specialist professional services and technology business, serving the insurance and wider highly regulated markets, today announces the acquisition of Disability Management Services, Inc. ("DMS"), the Massachusetts, US based disability claims and insurance services third party administrator ("TPA"). Dan Saulter, Group CEO, Davies commented: "I am delighted to welcome Julian, Simon and the wider Asta team to Davies. There are a host of large players with what we think are unsustainably low margins. We help our clients to manage risk, operate their core business processes, transform and grow. It hopes to position itself as a relevant player in the learning solutions market. 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. With multiple entities and 2.2 billion of gross premium currently under management, we are the first choice for underwriting entrepreneurs, insurtechs and global insurers whose ambition is to establish a business at Lloyds. Give your customers the claims experience they deserve, Time to transform your customer touchpoints. This helps to reduce ongoing costs associated with resourcing and recruiting for non-core functions that distract from the business of underwriting. . Our vast experience and network of contacts in the industry enables us to create the right solution for our clients whether it be captive or rent-a captive/segregated account and also determine the risks and layers that should be retained. Everyone tries their best and is looking for ways to improve. 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. Davies, a specialist professional services and technology business, serving insurance and highly regulated markets, has acquired MVP Advisory Group, LLC, the consulting business specialising in advisory & transformation projects for the property & casualty and life & health insurance markets. Reduced reliance on fronting arrangements means a Captive Syndicate has more control over risk appetite, ensuring captives have continuity of cover. 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. Most delays are caused by issues with existing data. A proactive, strategically-minded Delivery Lead with over 10 years of experience leading software engineering teams, developing products and delivering projects. Our Lloyds Managing Agent Asta, has extensive experience of launching and managing a variety of businesses at Lloyds, and we can now provide the same range of expertise and services to new and established Captive Owners and their Managers to help them achieve greater consistency and control over their risk management strategy. 2023 All Rights Reserved | What's behind insurer's huge transformation. Davies is trying to be deep in terms of capability but also broad for our insurance customers, Saulter said. 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. 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 strategic sourcing and claims recovery experts tailor the right solutions to meet our clients unique needs. Matt Button will continue to lead Davies U.S., who over the course of his 8-year tenure at Davies has served in a variety of senior roles, including previously leading the firms global M&A programme. http://www.davies-group.com Industries Insurance Company size 5,001-10,000 employees Headquarters City of London, England Type Privately Held Specialties Insurance, Claims, Claims Management,. Dismiss. 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 Earlier this year Davies acquired. Cost efficient relative to other Captive domiciles, depending on insured geography and current fronting fees. This button displays the currently selected search type. NPA provides claims management and command centre solutions to housebuilders, housing associations and insurance companies. By clicking Submit you agree to receive email from Davies. With the latest market intelligence, we seamlessly facilitate your subrogation management and claims recovery needs. Davies will continue to invest heavily in developing its in-house claims and underwriting platforms which it uses to deliver services to insurance clients and in making sure these platforms are fresh and modern. We work with and help develop Lloyds syndicates, MGAs, brokers, insurers, reinsurers and international captive owners. 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+. In addition, Steven Crabb, CEO of Insurance Services, will continue to serve in his existing . As we embark on our next phase of international growth and investment, it is important that we position our business units and leadership so we can best serve our 1,500-plus clients across the globe. 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. This field is for validation purposes and should be left unchanged. Jobs People Learning Dismiss Dismiss. If you watch this space, we expect to be announcing more stuff in the next three- to six months.. Were focused on businesses that will fit within Davies where the management team wants to stay and help us build. He joined Davies as CEO in July, 2013 and led the organisation to impressive growth in 2019. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. 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. Where it is able to do so our Intermediary Services, through its subsidiary Davies Intermediary Support Services Limited, purchases the legacy entity in its entirety, for a nominal purchase prices and an agreed fee to cover the run-off. Through our subsidiary Davies Broking Services, an FCA authorised intermediary with Lloyds accreditation, we operate as an independent, fee for service, incubator platform offering a launch and host service to fledgling Intermediaries in the UK. 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. Typically the premium collected does not form part of our clients debtors as they may not be aware of the premiums owed to them. Davies, a specialist professional services and technology business serving insurance and highly regulated markets, has announced the acquisition of Johns Eastern Company, a third-party.