Insurance Services News

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’…

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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…

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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…

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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…

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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…

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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…

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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…

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Davies shortlisted for Excellence in Technology at Insurance Times Awards
Davies shortlisted for Excellence in Technology at Insurance Times Awards 768 256 Davies Group

Davies Connect, the iOS wallet card application has been shortlisted for Excellence in Technology – Claims at the prestigious Insurance Times Awards 2019. Davies Connect is an iOS wallet card application that outlines to policyholders exactly where their claim is throughout the claims journey, and is different to any policyholder self-serve application available in the…

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London reinsurers moving data on to new platforms face tough decisions
London reinsurers moving data on to new platforms face tough decisions 768 256 Davies Group

//This article was first published by Insurance Day The pressure to replace technology systems will increase as the importance of outwards reinsurance programmes grow alongside the risk of a risk-based regulatory regime.  These could truly be described as interesting times for companies in the London market. Brexit aside, London is driving change both internally and…

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Rethinking the legacy of run-off
Rethinking the legacy of run-off 768 256 Davies Group

//This article was first published by Insurance Day The run-off and legacy market is growing and the potential for further significant growth from the US in particular is significant. Looking to the London market the Lloyd’s decile 10 project has prompted increased activity in the reinsurance to close (RITC) market and while the Managing Agents…

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