Davies, the leading specialist professional services and technology business serving insurance and highly regulated markets, today announces the appointment of Stuart Cheers-Berry to the role of Delegated Authority Manager, effective immediately.

His joining marks the launch of Davies’ Delegated Authority Management Service, which will provide specialist support to the fast-growing but increasingly regulated delegated authority market.

Reporting to James Jacob, Director, Market Services, Stuart will oversee the launch and ongoing development of Davies’ Delegated Authority Management Service. He brings extensive market experience to the firm’s insurance services division, having worked in and around the Lloyd’s and London Markets since 1997. He joins from PoloWorks, where he served as delegated underwriting authority controller and before that as technical controller for the same company. He began his career processing claims for several Lloyd’s syndicates, progressing to roles involving binder management, aggregations processing, catastrophe modelling, contract certainty, sanctions checking and delegated authority.

James said: “I’m extremely pleased to welcome Stuart to Davies, whose broad expertise gained over nearly three decades make him the ideal person to lead our newly launched Delegated Authority Management Service. For the past three years DA growth has outpaced open market business in Lloyd’s, with DA business actively encouraged through the corporation’s SIAB initiative. However, concerns continue to be raised around the adequacy of managing agencies’ DA resources and controls. This service will enable clients to maintain their focus on growth, assured that such concerns won’t apply to them and without the need to build out their DA management functions.”

Matt Lane, CEO, Intermediary & Market Services, Davies added: “The launch of this new service draws on Davies’ considerable capabilities and our long and extensive experience of supporting clients in the DA space. The fully managed service completely removes the need for clients to attract, lead, motivate and retain the necessary DA, Finance & Compliance professionals, or have the tools needed to maintain a compliant DA capability successfully.”

If you would like to continue the conversation, get in touch with Delegated Authority Manager, Stuart Cheers-Berry at stuart.cheersberry@davies-group.com