Davies, the leading specialist professional services and technology company serving insurance and highly regulated markets, today has announced it has signed a deal to acquire Premier Claims Management, LLC (“PCM”), the claims service provider specializing in professional and general liability claims.  

The acquisition of PCM, headquartered in Santa Ana, California, will strengthen Davies’ current service lines in North America to offer the full range of professional and general liability claims capabilities and litigation expertise for the Lloyd’s market. This includes claims involving coverages for environmental, crime, financial, fiduciary, D&O, employment practices liability, sexual abuse, medi-spa, excess, construction defects, medical malpractice, long term care, products, trucking, habitational, pet care, homeowners’ liability, business owner packages, personal & advertising injury and cybersecurity.   

PCM’s comprehensive range of programs delivered for London Market insurers also includes handling claims involving a large variety of errors & omissions including realtors, appraisers, actuaries, attorneys, and many other professionals, providing additional value for Davies’ current clients.  

Marilyn Bonetati, Founder of PCM along with 40+ current PCM colleagues, including 16 highly experienced coverage attorneys, will join Davies’ existing claims operations in North America led by Claims Solutions CEO, Don Lederer. Marilyn brings with her over 20 years’ experience as coverage counsel for insurers and defence counsel for insureds before founding PCM.  

Over the past five years, Davies has made significant investment in North America and its claims offering in the region now spans the Property & Casualty, Life & Health, Transportation, Energy and Marine insurance markets and include a full range of third-party administration and loss adjusting solutions across all 50 U.S. states and parts of Canada. 

Marilyn Bonetati, Founder, PCM, said: “My team and I are thrilled to be joining Davies. By combining Davies’ and PCM, clients will benefit from a personalized service while gaining access to Davies’ wide-ranging global claims capabilities and technology investments.”  

Matt Button, CEO – Davies North America said: “I am pleased to welcome Marilyn and her team to Davies. We’ve seen increased appetite from the London market in recent years to partner with fewer organizations across North America. The addition of the PCM team and their specialist expertise will significantly enhance our client proposition, as we continue to strengthen our claims service offering in North America and globally.”  

Davies is continuing its ambitious growth journey in North America and beyond, adding more value for its 1,700+ insurance, financial services, and other highly regulated clients. Globally, Davies’ 8500+ colleagues operate across ten countries, including the UK and the U.S. The business delivers professional services and technology solutions across the risk and insurance value chain, including excellence in claims, underwriting, distribution, regulation and risk, forensic accounting, customer experience, human capital, digital transformation and change management.  

Over the past ten years Davies has grown its annual revenues more than 20-fold, prioritizing investment in research and development (R&D), innovation and automation, colleague development, and client service. 

Davies’ financial advisors for this transaction were RSM, and its lawyers were Dorsey. PCM’s lawyers were The Law Offices of Steven D Rubin, APC.