London-based insurtech Flock has raised 31.5m ($38m) in series B funding via an investment round led by Octopus Ventures. Carr previously served as the CEO of Davies Legal Solutions arm, Keoghs. Davies Group Ltd. | St. James's Place plc, formerly St. James's Place Capital plc, is a British investment management company. Were already in the US and Canada but havent been doing claims solutions, group CEO Dan Saulter (pictured) told Insurance Business. No matter the project or goal, we work with our clients to provide custom solutions that are intuitive with the goal of optimizing operations. Further, Davies U.S. was formed in 2022 when the firm brought together its U.S. claims TPA and adjusting services with its risk, audit, inspections, and actuarial services, which created a 1,600+ person team operating across more than 30 locations within the U.S. Davies first began operating in the U.S. in 2018 and has since expanded its service offering through a combination of strong organic and M&A growth within recent years. We deliver operations, consulting and technology solutions across the risk and insurance value chain, including excellence in claims, underwriting, distribution, regulation, customer experience, human capital, transformation & change management. Select your location and related market below and a member of our team will be in touch. As we embark on our next phase of international growth and investment, it is important that we position our business units and leadership so we can best serve our 1,500-plus clients across the globe. Littleton CEO Steve Streetman will join Davies in an advisory and consulting role. At a time when some other sectors like retail and the housing market have been faltering, he outlined, the insurance market seems to have held up strongly. This is delivered by building extensive working relationships with brokers to understand the factors effecting settlement. You can select the Newsletters you wish to receive. Saulter spoke withInsurance Businessto discuss the overarching trends in the insurance sector of the UK and to outline the key plans for Davies for 2020. We passionately want to sell everything we do to all of our customers because we believe what we offer is fantastic. Through our regulated entity Quest Intermediaries (Bermuda) Limited, a Bermuda licensed broking company, we can access the Bermuda Reinsurance Market which is among the top three Reinsurance Markets in the world along with London and the USA. Accelerate onboarding. Davies will incorporate specific operating units into three major operating businesses - Davies Global Solutions, Davies UK and Ireland and Davies US - to enable the group to focus its investment . Leading Davies Global Solutions will be Mark Grocott, an experienced industry veteran who has held various senior roles over his 22-year career with the firm including Chief Digital Officer, and latterly as CEO of Consulting & Technology for the group. We provide a comprehensive solution and believe our purpose built system BACCUS, in conjunction with our service solution is the only offering that provides such a bespoke and flexible approach to ensure the requirements of all interested parties are met. Our Legacy Loss Fund Service is a dedicated, professional resource that provides expertise on improving the clients bottom line. CEO on Davies Group's plans for US expansion | Insurance Business America The American dream is defined as "the ideal by which equality of opportunity is available allowing the highest . | See a full list of Davies companies. Access to Lloyds global license network giving direct insurance access in over 80 countries. Our professionals combine traditional inspection methods with innovative AI for more precise and near-instant analysis of industrial, commercial, and residential properties. Merlinos will become part of Davies' global insurance services business led by CEO Steven Crabb, and all 50 Merlinos employees will remain in their roles within Davies. Davies names Allison Carr UK & Ireland CEO in group reorganistion Davies Group has unveiled a new group structure as it aims for global growth. Davies Group. By clicking submit, you consent to allow Davies to store and process the personal information submitted to provide you with the information requested. It is a dedicated professional resource that provides expertise on improving our clients bottom line. For further details about how your information will be used, please visit our Privacy Policy and Terms and Conditions. We process more than 3,000 new binding authorities annually, capturing key data obtained from over 100,000 bordereaux. For further details about how your information will be used, please visit our Privacy Policy and Terms and Conditions. CEO Approval Business Outlook Pros Davies is growing really quickly and so there are a lot of exciting things happening and so much opportunity for career growth. The service focuses on improving payment performance through targeted credit control, enhanced data quality through management of EPIs and management reporting. By clicking Submit you agree to receive email from Davies. We have a technology called Davies Connect where we make use of the iPhone Wallet to keep customers updated on their claims progress, for example. Our service has been designed to meet the need for a flexible and scalable service offering delivered by a highly expertise and resource in an environment of increasing operational burden and regulatory complexity, ultimately driving market efficiency. In our experience prior to any migration, the key to a smooth transition lies in preparation. Steve Evans Ltd. registered in England No. Examples of peer reviews as follows: The success of deploying in-sourced project resource depends upon a deep working knowledge and the ability to adapt and integrate. Top Global Insurance & Reinsurance Brokers, Nat cat insured losses in Q1 between $6-8bn thus far, says JP Morgan, ICMR forecasts below 90% combined ratio for Lloyds, Chubb names head of Management Liability for NA Financial Lines. 2023 All Rights Reserved | We help our clients to manage risk, operate their core business processes, transform and grow. Davies has diversified its global insurance services in recent years to provide audit, subrogation management, and insurance-focused actuarial consulting for over 1,000 insurance and highly regulated clients. We have to retain our customers by doing a great job for them., When Saulter arrived at the firm six years ago it had around 250 staff today that number stands closer to 2,000 globally through organic and M&A growth. This is not a static market. We work with insurers, brokers, MGAs, corporates and public entities to deliver great customer service and improved underwriting performance, through efficient management of the claims process. With one-third of, This article was written by Paul Lucas and first published in, Leadership: Championing customer service in the boardroom Each year Jeff Bezos, After working in a variety of positions as a chartered accountant,. Our global top six ranked Captive Management business provides technical solutions to captive customers in Europe, the US, Latin America and Asia. Kath Mainon, CEO of Claims Solutions UK & Ireland, continues in her role and will report to Carr. Insurance Times is always worth a read. The move has been supplemented with senior promotions across the newly aligned operating units, with group changes effective from 1 March 2022. By clicking submit, you consent to allow Davies to store and process the personal information submitted to provide you with the information requested. Company number: 06479822 | We are very pleased that Davies Group has been listed at #130 in the Sunday Times PwC Top Track 250 of leading mid-market businesses. We are ambitious to continue to grow our legal solutions business in the UK, but also overseas. When expanded it provides a list of search options that will switch the search inputs . Head of Technology & Innovation - Claims Solutions US. Going forward, Saulter admits that its current business make-up which is around 80% pounds and 20% dollars and euros will change with the dollar share growing. I am also thrilled that once again weve been able to promote internally; investing in our people and giving them opportunities for career development is central to our success., He added: Id like to thank John for his achievements at Keoghs. We work with and help develop Lloyds syndicates, MGAs, brokers, insurers, reinsurers and international captive owners. Tyson Ware. We want to be front of mind, so someone thinks Ive got something to do in my insurance business, its technical, it involves consulting, it involves claims, it involves underwriting Im going to contact Davies.. Current CEO John Whittle will retire from the business after 30 years of dedicated service, with 15 of those as CEO, having led the deal that saw Keoghs join Davies in March 2020. Further information about the proposal (including whether it could affect your pre-transfer position), which policies are transferring, your rights and what you need to do can be found at lloyds.com/brexittransfer. Over the past decade, the firm has grown its annual revenues by more than 20-fold, investing heavily in research & development (R&D), innovation and automation, colleague development, and client service. Davies UK & Ireland will bring together the firm's Claims Solutions UK & Ireland and Legal Solutions businesses under a new CEO. The service captures the full life cycle of the policy from the initial risk capture to the production of a written bordereau and creation and settlement of the paid premium bordereau. So, this is all about finding ways of doing certain types of claims and perils in new ways that shorten the process and contain costs for insurers. This solution is underpinned by an expertise-led team that are fully trained in all aspects of the DA landscape including Underwriting Management (at Senior Levels), Business Planning, Compliance, Operations, Legal, Audit, Service etc. Place reinsurance coverage on an aggregate basis. We achieve this by providing all of our clients the same depth of expertise and breadth of services that would otherwise be expensive to resource independently. It's important that @Davies_Group' position its business units and leadership' to best serve its clients, says chief executive https://insurancetimes.co.uk/news . Legacy business frequently takes valuable resource in a broking firm away from their primary role of winning and servicing live business which negatively impacts results and bottom line costs. I am pleased that once again weve been able to promote internally. Davies Group CEO Dan Saulter said in a statement that IAS has invested heavily in proprietary technology such as its national loss adjusting platform. This new team consists of over 3,000 employees, with its members delivering claims TPA, adjusting, legal services, supply chain, technology, and ancillary services to its clients across the UK and Ireland. At EAD Insurance we specalise in many types of private & commercial insurance and are specialists in vintage car insurance. CEO - Insurance Services. The service captures the full life cycle of a policy; from the initial risk capture to the production of a written bordereau and creation and settlement of the paid premium bordereaux. Share to Twitter Share to Facebook Share to Pinterest. Registered address: 5thFloor, 20 Gracechurch Street, London, United Kingdom, EC3V 0BG OUR SOLUTIONS Claims Solutions Legal Solutions Insurance Services Consulting Consulting This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. Everyone tries their best and is looking for ways to improve. This button displays the currently selected search type. Dan Saulter, Group CEO, Davies commented: "I am delighted to welcome Julian, Simon and the wider Asta team to Davies. We deliver operations, consulting and technology solutions across the risk and insurance value chain, including excellence in claims, underwriting, distribution, regulation, customer experience, human capital, transformation & change management. What Davies wants to do is to replicate what it does in the UK over in the US, inBermudaand in Ireland, he said. We are the LMAs preferred credit control service provider to the Lloyds Market. Dan Saulter, Group CEO, Davies, commented: Our success in recent years is linked in part to our ability to stay agile, to adapt our structure, and to provide new solutions to our clients across the world. . From our bases in Bermuda and the US our team delivers captive operations, including rent-a-captive, re-insurance advice, and exit solutions. Its main advantage, according to Saulter, comes from within the firm. Mike Plazony is a Partner with MVP Advisory Group, leading the New Business Sales & Underwriting Practice. This provides operations information to increase knowledge and awareness to stimulate actions leading to improved payment performance. Our direct settlement service designed for service companies is delivered through a solution utilising our in-house systems, third party systems and by an experienced team of insurance practitioners to meet client requirements. Cons Posted by Insurance Bazar at 03:57. Dismiss. Our expansive industry network enables us to create the right solution for our clients and to determine the necessary risks and layers of protection. Davies, the leading specialist professional services and technology business, today announces the acquisition of Nationwide Property Assistance Ltd ("NPA"), the leading home emergency specialist, based in Birmingham, UK.