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Davies believes it stands out from the pack with Saulter pointing out that it has been a frontrunner with a host of innovations and, as such, has established itself as a trusted brand. Dismiss. Please enable it to continue. The service offering is bespoke to our clients requirements and includes, cash management through bank account reconciliation, cash allocation, credit control and bordereau production. We work with insurers, brokers, MGAs, corporates and public entities to deliver great customer service and improved underwriting performance, through efficient management of the claims process. 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. Davies, the leading specialist professional services and technology business, serving the insurance and wider highly regulated markets, today announces it has entered into a deal to acquire Vehicle Replacement Group ("VRG"), the specialist provider of vehicle solutions to the UK insurance market. What's behind insurer's huge transformation. Client Specialist. Our range of solutions includes the Lloyds Syndicate, Syndicate-in-a-Box, Special Purpose Arrangement and Captive Syndicate. Davies Group Ltd. | Our team of dedicated and specialised individuals have devised a strategic and effective forensic process to attain the best results for our clients. | See a full list of Davies companies. I wish him all the very best with his retirement and for his future plans., You can select the Newsletters you wish to receive. Carr was recently CEO of Davies' Legal Solutions arm, Keoghs. My congratulations to Allison and Mark on their respective promotions. 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. As an experienced senior insurance executive, Mike brings a disruptive mindset to the . Davies UK & Ireland will bring together the firms Claims Solutions UK & Ireland and Legal Solutions businesses under a new CEO. Jun 20 2018 // Chicago-based Ryan Specialty Group LLC (RSG) has named Katie Davies as president and CEO . 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. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. 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. We believe we were ahead of the curve in investing in things like smartphone apps for processing and adjusting claims, he said. Select your location and related market below and a member of our team will be in touch. This provides operations information to increase knowledge and awareness to stimulate actions leading to improved payment performance. 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 . No matter the project or goal, we work with our clients to provide custom solutions that are intuitive with the goal of optimizing operations. Full Implementation/Strengthening/Migration/Upgrade. Davies joined Sompo . The service captures the full life cycle of a policy; from the initial risk capture to the production of a written bordereau and creation and settlement of the paid premium bordereaux. 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. It hopes to position itself as a relevant player in the learning solutions market. Davies's primary competitors include Longdown EIC, Alesco, Simply Business and 9 more. flexible DUM resource, bordereau mapping and processing, credit control and audit & inspection services. 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. Join now Sign in . 25th March 2021 LONDON, UK - 25 March 2021 - Davies, the leading specialist professional services and technology business, serving insurance and highly regulated markets, today announces two key appointments to its Legal Solutions business, Keoghs. TriPlus has an excellent reputation and their client service focused culture is closely 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 "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, Chubb names new climate business, adds to leadership team, Insurance - the week in review Feb 27-Mar 3, Artificial intelligence spurs 62% of carriers to cut staff survey. This site requires JavaScript to function properly. Mar 2015 - Oct 20172 years 8 months. Davies Global Solutions will incorporate the firms high organic growth Consulting & Technology and Insurance Services divisions. One of Northern Ireland's longest established insurance brokers, E A Davies & Co Limited are an Independent Insurance Intermediary. Managing Director Property Adjusting & DSI, Chief Commercial Officer - Legal Solutions, Chief Operating Officer Casualty and Motor, including VRG, CEO Consulting & Technology & Group Chief Digital Officer, Senior Vice President - Learning and Resourcing, Chief Operating Officer - Claims Solutions US, Chief Operating Officer Property, including NPA and Niche, Davies Group Ltd. | Organic growth is powered by Daviess investment in digital transformation, Saulter outlined. 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. By clicking submit, you consent to allow Davies to store and process the personal information submitted to provide you with the information requested. The 1,600-plus team operates from more than 30 locations across the US. Free Consultation 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 2023 All Rights Reserved | This provides significant cost savings, in most cases, at least 30% when compared with the brokers expected run-off costs. We provide a complete solution for all administrative MGA processes. For further details about how your information will be used, please visit our Privacy Policy and Terms and Conditions. We are at the forefront of new technologies by continuously investing in innovation and digital transformation, LONDON, UK 08 September 2022 Davies, the leading specialist, Tell us about your role and how you got to where, Last week saw extreme heat across both the UK and Ireland., LONDON, UK 18 July 2022 Davies, the leading specialist, Davies, the leading specialist professional services and technology business, serving insurance, As the regulatory burden for insurers and brokers continues to increase. We allow the managing agent to focus on growing their business whilst our experienced staff deliver: MGA credit control and bordereau production. Davies Group is an insurance claims service provider. Over the past decade, the firm has grown its annual revenues by more than 20-fold, investing heavily in research & development (R&D), innovation and automation, colleague development, and client service. We have worked on the majority of reinsurance products utilised in the industry. Over the course of 2021 Davies has announce a string of senior hires including: Emma Wedderburn as Group Chief HR Officer, Dene Rowe as Group Chief Marketing Officer and Darren Coombes as Group Deputy Chairman in a move to further strengthen its global leadership team as it continues its expansion and investment in technology & innovation. 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. We also have a number of strategic alliances through Brokers that give us access to all the world markets. 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. 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. The leadership is down to earth and there are very few egos found in many companies. Email This BlogThis! By clicking submit, you consent to allow Davies to store and process the personal information submitted to provide you with the information requested. 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. Company number: 06479822 | Littleton CEO Steve Streetman will join Davies in an advisory and consulting role. 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. Registered address: 5thFloor, 20 Gracechurch Street, London, United Kingdom, EC3V 0BG 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. This site requires JavaScript to function properly. 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. Top Global Insurance & Reinsurance Brokers, Nat cat insured losses in Q1 between $6-8bn thus far, says JP Morgan, ICMR forecasts below 90% combined ratio for Lloyds, Chubb names head of Management Liability for NA Financial Lines. Insurance Times is always worth a read. The types of captives that are suited to the syndicate model include, among others: Once your business is established at Lloyds we provide continued access to a wide-ranging team of specialist experts who deliver everything your business needs and more Underwriting Management, Compliance, Actuarial, HR, IT, Finance, Risk Management and Company Secretarial all under one roof, providing you with a truly complete solution. CEO - Insurance Services. | See a full list of Davies companies. 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 UK & Ireland will be led by Allison Carr, who has served in various senior executive roles over her 21-year career with Davies and Keoghs, latterly as CEO of Davies Legal Solutions arm, Keoghs. Davies Group. This is delivered by building extensive working relationships with brokers to understand the factors effecting settlement. Feasibility Analysis we bring together a team of professional consultants, including actuaries and lawyers, to provide an analysis on the feasibility of the proposed underwriting and advise on the structure, financing and regulatory requirements. Were already in the US and Canada but havent been doing claims solutions, group CEO Dan Saulter (pictured) told Insurance Business. By clicking Submit you agree to receive email from Davies. They are a growing business with a winning track record of delivering third-party administration and specialist technical services across property, casualty, motor and niche lines to brokers, the Lloyds market, UK and . With the UK its number one market in terms of size, he said, continued health here is essential to the group. 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. Select your location and related market below and a member of our team will be in touch. For further details about how your information will be used, please visit our Privacy Policy and Terms and Conditions. The wider IRSi team will continue in their roles within Davies. | See a full list of Davies companies. Over-funding and mismanagement of Loss Funds is an inherent problem within the London Market. Frankly, if the existing players arent doing that, someone else will do that. It has a department called Davies Disruptive Thinking where staff members can pinpoint new ideas many of which make it to the frontline, including one suggestion that proposed the creation of virtual reality headsets to allow claims handlers to get a feel of what its like to be a policyholder something the firm is now selling to its clients. 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. Managing Director - Davies Intermediary Support Services, Davies Group Ltd. | Gary, who has more than 20 years service at Keoghs, in various senior executive roles, has played a key role delivering Keoghs long term growth strategy. 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. Best Insurance in Graz, Styria. Company number: 06479822 | Expert insurance services tailored to fit your needs. In his role as a Client Specialist, he executes a . We have successfully supported the launch and host of more than 60 MGAs, and established ourselves as the go-to partner for entrepreneurs and businesses looking to start new MGA platforms. 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. Mike Plazony is a Partner with MVP Advisory Group, leading the New Business Sales & Underwriting Practice. 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.. Leading Davies Global Solutions will be Mark Grocott, an experienced industry veteran who has held various senior roles over his 22-year career with the firm including Chief Digital Officer, and latterly as CEO of Consulting & Technology for the group. We provide non-bureau and bureau credit control as well as cash reconciliation services to our clients. Skilled at managing complex change, developing cross-functional engineering teams and engaging with executive stakeholders. What are your thoughts on this story? Dan Saulter, Davies group CEO, said: "I am delighted to welcome Julian, Simon and the wider Asta team to Davies. 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. Our global top six ranked Captive Management business provides technical solutions to captive customers in Europe, the US, Latin America and Asia. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. Our Insurance Services capability is deep, but simply defined,with our teams aligned to our core insurance markets:Intermediaries, Insurer & Market and Captives. Allison Carr is promoted to CEO and Gary Fitzpatrick to Chief Commercial Officer. When expanded it provides a list of search options that will switch the search inputs . Group Chief Financial Officer. 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.. 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. After working in a variety of positions as a chartered accountant, CEO of Davies Group, Dan Saulter (pictured), first got involved in the insurance industry when he went to work for Towergate in 2007. 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. CEO, Davies U.S. Matthew.Button@us.davies-group.com Paula Kenneson CFO, Claims Solutions Paula.Kenneson@us.davies-group.com Beth Foster Senior VP, Human Resources Beth.Foster@us.davies-group.com Jeff Chang General Counsel Jeffrey.Chang@davies-group.com Noah Rice Chief Compliance Officer Noah.Rice@us.davies-group.com Peter Wilson Place reinsurance coverage on an aggregate basis. NPA will form part of Davies' existing Claims . Get in touch directly using our contact form. The Davies risk and inspection team provides full-scale, nationwide inspection services and field underwriting support for the property and casualty industry. All content copyright Steve Evans Ltd. 2021 All rights reserved. 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. OUR SOLUTIONS Claims Solutions Legal Solutions Insurance Services Consulting Consulting At Davies, we work with Lloyds syndicates, MGAs, brokers, insurers, reinsurers, and international captive owners. 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. Its a highly effective alternative for Captive Owners to diversify their risk financing, reduce collateral requirements and minimise costs. The service is delivered through a solution utilising our in-house systems, third party systems and an experienced team of insurance practitioners to meet client requirements. The number one factor is the cultural fit of the target, he said about potential acquisitions. Tyler joined Robert W. Baird & Co. in March of 2015. If it is not possible to acquire the entity, the wrap can still be completed by securing client consent to the transfer. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. Our services include premium credit control, delegated authority management, reinsurance project support, audit solutions and financial review programmes. Dan Saulter, Group CEO, Davies commented: "I'm thrilled that the TriPlus team have decided to join Davies and partner with us as we look to grow our Claims Solutions business in the US and broaden the range of services we can provide to our clients. Loss Funds are monies held in trust by a third party (TPA) or broker on behalf of the capacity provider which are used to facilitate the payments of claims at a set agreed value. Fill out the short form below to begin your consultation: Get instant access to our free brochure below: Contact us for a free consultation with one of our experts. An independent launch and host incubation platform for new and established MGAs and intermediaries. Davies Group CEO Dan Saulter said in a statement that IAS has invested heavily in proprietary technology such as its national loss adjusting platform. In the constantly changing world of reinsurance, we supply experienced technical resource to support the business. You can download the brochure by clicking the button below. Now its strategy for continued growth and expansion involves a blend of organic and inorganic growth. Kyle Davies Expand search. UK domiciled and regulated Captive (re)insurance solution at Lloyds, offering stability and security. Our team of more than 5,500 professionals operate across the UK and Ireland, US, Bermuda and Canada. If youre not going forwards, and if youre standing still, then youre going backwards, said Saulter. 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. 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. Posted by Insurance Bazar at 03:57. Back in January the firm received a significant investment from a new Canadian shareholder AIMco, an Alberta-based pension fund. We pride ourselves on a collaborative approach with insurers, managing agents, TPAs, and brokers. A number of Daviess investment decisions in 2020 and 2021 will come off the back of ideas generated in the Innovation Lab. We provide independent and unbiased advice on the potential program and coordinate the consultants needed to perform the analysis and make the application submission to the Bermuda Monetary Authority. The flexibility of the service offering means it can be adopted as either an end-to-end or modular solution and is customised to meet the specific needs of individual clients whilst benefiting from a bespoke service solution. We help our clients to manage risk, operate their core business processes, transform and grow. "Not all services were impacted in First name Surname For further details about how your information will be used, please visit our Privacy Policy and Terms and Conditions. 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.. I am pleased that once again weve been able to promote internally. 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. Davies Group Ltd. | Going forward, Saulter admits that its current business make-up which is around 80% pounds and 20% dollars and euros will change with the dollar share growing. My congratulations to Allison and Mark on their respective promotions. 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. Our auditing team provides specialized services for the insurance and reinsurance communities.