Insurance Services News

Davies reveals strong growth in revenues and profits as it unveils senior appointments
Davies reveals strong growth in revenues and profits as it unveils senior appointments 1024 342 Davies Group

Davies today announces its latest financial results for the year to 30 June 2019, which show continued strong organic growth in revenue and EBITDA, following a year of significant investment in its people and in technology, alongside a push to add new capabilities and domain expertise via targeted acquisitions. Financial performance and highlights Revenue grew…

read more
Acquisition announcement: Davies deepens its claims expertise through the acquisition of Thornton Group in Ireland
Acquisition announcement: Davies deepens its claims expertise through the acquisition of Thornton Group in Ireland 1024 342 Davies Group

Davies today announces the acquisition of Thornton Group (“Thornton”). Based in Dublin, Thornton is a leading multi-line claims adjusting and third party administration (“TPA”) business specialising in property, casualty, energy, marine & engineering and jewellery claims. Operating from three locations across the Republic of Ireland and Northern Ireland, Thornton provides end-to-end claims solutions to Insurers,…

read more
Davies launches new consulting business in Bermuda to support clients with compliance and regulatory solutions
Davies launches new consulting business in Bermuda to support clients with compliance and regulatory solutions 150 150 Davies Group

Davies today announced the launch of a new compliance & regulatory consulting business in Bermuda. Davies Consulting (Bermuda) will specialise in providing insurance operations and consultancy solutions for insurance intermediaries and (re)insurers with operations in Bermuda, the UK and globally. The Bermuda operation will complement and mirror Davies’ established operations in the UK and its…

read more
Acquisition announcement: Davies announces second US claims deal as it pushes North American expansion plans
Acquisition announcement: Davies announces second US claims deal as it pushes North American expansion plans 1024 342 Davies Group

Davies today announces the acquisition of Alternative Service Concepts, LLC (“ASC”), the workers’ compensation and property and casualty third party administrator (“TPA”), headquartered in Nashville, Tennessee. Operating nationally across the US, ASC provides specialist end-to-end claims solutions to US & Lloyds insurance businesses, public entities, self-insured entities, insurance agencies and brokers. ASC will join Davies’…

read more
CEO speaks as Davies Group revs up for overseas expansion
CEO speaks as Davies Group revs up for overseas expansion 1024 343 Davies Group

//This article was written by Paul Lucas and first published in Insurance Business. The American dream is defined as “the ideal by which equality of opportunity is available… allowing the highest aspirations and goals to be achieved.” Now one UK-based firm is looking to earn its stripes and reach for those US stars – but…

read more
Insurance, with no questions asked
Insurance, with no questions asked 1024 342 Davies Group

//This article was first published by Insurance Times With one-third of customers giving up on lengthy question sets, will insurtech powered zero-questions-asked insurance quotes revolutionise the process? One main differentiator of insurtech managing general agents and insurers such as Trõv, Lemonade, Lenny, Wrisk, Simplesurance, Coverly and Uinsure is the promise to provide a real-time quote…

read more
MGAs feeling the squeeze as capacity constricts
MGAs feeling the squeeze as capacity constricts 1024 342 Davies Group

//This article was first published by Insurance Times  MGAs have been told they will need to deliver the unexpected if they are to access underwriting capacity as the market hardens. The effects of the decision by Lloyd’s to target poorly performing business and the withdrawal of underwriters such as TMK UK have reduced both the…

read more
Acquisition announcement: Davies makes new strategic acquisition amid rebrand and simplification of its wider consulting operations
Acquisition announcement: Davies makes new strategic acquisition amid rebrand and simplification of its wider consulting operations 1024 343 Davies Group

Davies today announces the acquisition of FWD Training and Consultancy Limited (“FWD”).  FWD is a leading provider of professional and apprenticeship training in the Insurance and Financial Services sectors in the UK. Based in Kent, FWD delivers professional learning and development programmes, for leading national and global businesses, helping them develop and retain their professional…

read more
Rough times and fines ahead for AML failures
Rough times and fines ahead for AML failures 1024 341 Davies Group

The stark warning for Estate Agents from leading AML provider Veriphy comes on the back of news that HMRC has its sights set on Purplebricks for possible AML failings. George Stark of Veriphy, a Davies company said “With HMRC audits now a regular occurrence, and given the level of potential fines for non-compliance, any agency…

read more
Acquisition announcement: Davies announces first major US claims deal as it steps-up its North American investment plans
Acquisition announcement: Davies announces first major US claims deal as it steps-up its North American investment plans 1024 342 Davies Group

Davies today announces the acquisition of Frontier Adjusters, Inc, the multi-line independent claims adjusting provider, headquartered in Independence, Ohio. Founded in 1957, Frontier provides its clients with national field claims adjusting services across all 50 US states and parts of Canada through its network of franchised locations. Specializing in all major property, casualty and auto…

read more