Davies strengthens its global consulting and technology capability through the acquisition of U.S.-based insurance specialist consulting business, MVP Advisory Group

January 30th 2023

Nashville, TN – Davies, the leading specialist professional services and technology business, serving insurance and highly regulated markets, today announced the acquisition of MVP Advisory Group, LLC (“MVP”), the consulting business specializing in advisory and transformation projects for the property and casualty and life and health insurance markets.

With its headquarters in Chicago, MVP’s insurance and technology specialists manage projects in all areas of insurance including underwriting, policy administration, claims management, client experience, finance, compliance, data warehousing, data, analytics, human resources, and information technology. Creating partnerships that complement and leverage each client’s existing capabilities, MVP provides extensive expertise, including transformational roadmaps, program management, quality assurance, data management and analytic and digital transformation and engagement.

MVP will join Davies’ global Consulting division led by Consulting & Technology CEO, Mark Grocott. MVP Managing Partners Russ Bostick and Donn Vucovich will continue to lead the business and all MVP employees will remain in their roles within Davies working closely with MVP’s existing contractor network of more than 1,000 subject matter experts.

In recent years, Davies has diversified and deepened its consulting and technology capability to provide customer experience, resourcing and learning solutions, as well as data and speech analytics, robotic process automation, legacy platform modernization and product development for its 1,200+ insurance and highly regulated clients. In 2021, the Firm expanded its international technology transformation and digitalization, international regulatory compliance, and risk management capability for its insurance, banking, and more highly regulated clients through the acquisition of Sionic.

Davies has established and expanded its operations in the U.S. through a combination of strong organic and M&A growth in recent years, with the Firm now offering a full range of TPA and loss adjusting solutions across all 50 states and captive management, auditing, actuarial, subrogation, excess claims management and risk and inspection solutions.

Globally, Davies’ 6,500+ colleagues operate across Bermuda, Canada, India, Ireland, Spain, Switzerland, the UK, and U.S. The business delivers professional services and technology solutions across the risk and insurance value chain, including excellence in claims, underwriting, distribution, regulation, customer experience, human capital, digital transformation and change management.

Dan Saulter, Group CEO, Davies commented: “I’m delighted to welcome Russ, Donn and the entire MVP team to Davies. Bringing a wealth of knowledge and talent in delivering advisory services and transformation projects exclusively for the insurance market, the business is a great addition to our growing consulting platform.

“The insurance landscape continues to evolve quickly. With new entrants to the market disrupting traditional operating models, it’s become essential for insurers who want to remain relevant and compete to invest in digital transformation. MVP’s expertise and commitment to the insurance market, coupled with its strong partnership approach has helped many clients successfully navigate this evolution by leveraging the power of digital technology, and I’m excited to now be able to offer this talent to our growing client base around the world.”

Russ Bostick, Managing Partner, MVP added: “I’m very pleased that MVP is becoming part of Davies, which has a shared focus on innovation and digital transformation to guide insurers through every step of any complex transformation project. I look forward to working with Dan, Mark and the wider Davies team to develop and strengthen our highly specialized insurance operations and technology consulting services for our clients.”

Sherman & Company advised MVP on the transaction.

    Keep up to date with Davies