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 . We deliver operations, consulting . CEO, Insurance Services U.S. Robert.Dewen@davies-group.com Jose Bridges COO, Audit & Inspection Jose.Bridges@us.davies-group.com Dave Valenzano COO, Actuarial/Consulting & Chief Growth Officer Dave.Valenzano@us.davies-group.com Talk To Us Contact us for a free consultation with one of our experts. Amwins' Davies Tapped to Lead New Property Underwriting Facility for Ryan Specialty Group. 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. This article was first published by Insurance Times. Feasibility Analysis we bring together a team of professional consultants, including actuaries and lawyers, to provide an analysis on the feasibility of the proposed underwriting and advise on the structure, financing and regulatory requirements. The wider IRSi team will continue in their roles within Davies. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. An independent launch and host incubation platform for new and established MGAs and intermediaries. Davies Insurance Services Insurance Global insurance services provider Follow View all 45 employees About us Our Insurance Services offering extends to all core insurance market players:. This site requires JavaScript to function properly. After working in a variety of positions as a chartered accountant, CEO of Davies Group, Dan Saulter (pictured), first got involved in the insurance industry when he went to work forTowergatein 2007. Full Implementation/Strengthening/Migration/Upgrade. In his new role Gary Fitzpatrick will focus on bringing together the commercial, client service and growth strategy for Keoghs, including working with colleagues across Davies to deliver endtoend solutions. Davies UK & Ireland will bring together the firm's Claims Solutions UK & Ireland and Legal Solutions businesses under a new CEO. We provide dispute resolution and risk services for the UK insurance industry across: motor, casualty, complex and specialty classes. For further details about how your information will be used, please visit our Privacy Policy and Terms and Conditions. Company number: 06479822 | A number of Daviess investment decisions in 2020 and 2021 will come off the back of ideas generated in the Innovation Lab. The move has been supplemented with senior promotions across the newly aligned operating units, with group changes effective from 1 March 2022. Our extensive knowledge of credit control and bordereau management means we are the go to service provider for MGAs. Our Lloyds Managing Agency business also provides access to the Captive Syndicate solution, offering a highly effective alternative for captive owners to diversify their risk financing, reduce collateral requirements and minimise costs. Executive Management, Operations 2 emails found 1 phone number found . Our client is a leading Independent Chartered Insurance Broker who . Our Lloyds business, Asta, is the leading third-party managing agent and over the last two decades has helped over 35 syndicates launch successfully in the UK and overseas. Disclaimer: Lloyds is proposing to transfer certain EEA insurance policies to Lloyds Brussels. The Davies risk and inspection team provides full-scale, nationwide inspection services and field underwriting support for the property and casualty industry. Depending on your circumstances and objectives, we offer a range of bespoke solutions including a full Syndicate, a Syndicate-in-a-Box, a Special Purpose Arrangement (SPA), or Captive Syndicate. Cons We are able to assist our clients in finding fronting and reinsurance partners as well as leading third party service providers in the industry including claims providers, actuaries, letter of credit and trust providers, investment advisors, bankers and legal advisors. 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. Davies Group CEO Dan Saulter said in a statement that IAS has invested heavily in proprietary technology such as its national loss adjusting platform. Through significant industry experience, advanced technical solutions, and highly skilled staff, we deliver exceptional claims reviews. Our team of dedicated and specialised individuals have devised a strategic and effective forensic process to attain the best results for our clients. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. As well as captives, we manage a number of commercial insurers and reinsurers. Managing Director - Davies Intermediary Support Services, Davies Group Ltd. | With multiple entities and 2.2 billion of gross premium currently under management, we are the first choice for underwriting entrepreneurs, insurtechs and global insurers whose ambition is to establish a business at Lloyds. Asta Managing Agency our Lloyds platform. IRSi will form part of Davies' global insurance services business led by CEO Steven Crabb. That firm is Davies Group, a claims solution company which describes itself as reimagining operations and digital solutions. In mid-September, the firm expanded further into the US with a swoop for Ohio-based Frontier Adjusters establishing the independent adjusting arm of the company alongside its existing US businesses which include its captive management offering Quest, as well as its insurance audit and inspection businesses. asked for receipts despite the possibility of the item being several years old. We offer a number of solutions in the claims journey rather than one. We operate as an independent incubator platform offering a launch and host service to entrepreneurs, private companies, and corporate entities looking to establish a Managing General Agent (MGA). When expanded it provides a list of search options that will switch the search inputs . With the latest market intelligence, we seamlessly facilitate your subrogation management and claims recovery needs. Captive Syndicates share the financial strength rating of the Lloyds market: Resulting in lower collateral requirements where fronting arrangements are required, Meeting internal insurance purchasing risk appetites, Business justification and scoping phases, Contract set up on outwards reinsurance systems, Claim recovery results on outwards reinsurance systems, Coding requirements (may need to map to a single source). We allow the managing agent to focus on growing their business whilst our experienced staff deliver: MGA credit control and bordereau production. In the US, we see a number of dynamics [that make our proposition stand out]. I look forward to working closely with Allison and Gary in the years ahead as we execute on our plans. 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. Our experience gives us a unique perspective to provide clear and concise solutions that not only capture key financial measurements but can also be easily interpreted by senior management. It hopes to position itself as a relevant player in the learning solutions market. Allison Carr joined Keoghs as a Solicitor in 2002 and has held various senior operational and leadership roles in the firm, most recently as COO. Back in January the firm received a significant investment from a new Canadian shareholder AIMco, an Alberta-based pension fund. In addition we provide core operations and capacity management services for brokers and MGAs, and we are the leading provider of legacy solutions for end-of-life broker portfolios. We design programs that provide for the most cost effective coverage for your insurance needs, taking into account the capital available and your appetite for risk. Our team of more than 5,500 professionals operate across the UK and Ireland, US, Bermuda and Canada. Our expansive industry network enables us to create the right solution for our clients and to determine the necessary risks and layers of protection. Company number: 06479822 | By clicking Submit you agree to receive email from Davies. Despite having its momentum set towards a US expansion, Davies has not taken its eye off the ball in the UK, recently announcing the acquisition of learning business FWD which provides solutions to help young people and professionals get insurance qualifications. This button displays the currently selected search type. We help our clients to manage risk, operate their core business processes, transform and grow. 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. The 1,600-plus team operates from more than 30 locations across the US. Powering innovation for insurance & highly regulated markets. Davies Group Ltd. | Davies Group Reviews 3.5 54 % Recommend to a Friend 84 % Approve of CEO Dan Saulter 61 Ratings 5.0 Current Employee, more than 1 year "Fast-paced, great opportunity" Feb 3, 2023 - Human Resources in Nashville, TN Recommends Positive Outlook Approves of CEO Pros Dan Saulter, Group CEO commented: I congratulate Allison and Gary on their welldeserved promotions. While Davies is focused on international growth, the UK market remains its core, with approximately three-quarters of its workforce operating from the UK, Saulter detailed. We help reduce your operating costs through economies of scale. 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. Registered address: 5thFloor, 20 Gracechurch Street, London, United Kingdom, EC3V 0BG By clicking submit, you consent to allow Davies to store and process the personal information submitted to provide you with the information requested. We help organisations seeking to harness the power of automation and digital transformation helping them gain competitive edge, to streamline their delivery and service, and to manage operating costs. 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. By submitting my information, I agree . A proactive, strategically-minded Delivery Lead with over 10 years of experience leading software engineering teams, developing products and delivering projects. We operate as an independent incubator platform offering a launch and host service to entrepreneurs, private companies and corporates who are looking to establish a Managing General Agent (MGA). 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+ clients across the globe. UK domiciled and regulated Captive (re)insurance solution at Lloyds, offering stability and security. Reach the largest reinsurance audience. We provide a comprehensive analysis of Loss Funds held in trust, identifying and resolving any unreconciled ledgers, implementing systems and procedures to prevent future mismanagement. Davies launched in the US in 2018 and has expanded its service offerings through a combination of strong organic and M&A growth in recent years. Registered address: 5thFloor, 20 Gracechurch Street, London, United Kingdom, EC3V 0BG Everyone tries their best and is looking for ways to improve. Kath Mainon, CEO of Claims Solutions UK & Ireland, continues in her role and will report to Carr. Our Legacy Loss Fund Service is a dedicated, professional resource that provides expertise on improving the clients bottom line. At EAD Insurance we specalise in many types of private & commercial insurance and are specialists in vintage car insurance. From March 1, 2023, the firm will align across three operating units: Davies Global Solutions, Davies UK & Ireland, and Davies U.S. Davies Global Solutions will incorporate the firms high organic growth Consulting & Technology and Insurance Services divisions. MVP will join Davies' global consulting division under the leadership of consulting and technology CEO Mark Grocott. This site requires JavaScript to function properly. Three-four years ago we were also one of the first businesses to make proper volume use of unmanned drones to help us process flood and commercial claims. What Davies wants to do is to replicate what it does in the UK over in the US, inBermudaand in Ireland, he said. Our Reinsurance Project Services has gained an unrivalled reputation for providing services to the Lloyds, London and international insurance markets since 2007. Asta Managing Agency Ltd (AMA) is a third party managing agent which means we dont have our own syndicate or any capital at risk. Get in touch for a free consultation. Registered address: 5thFloor, 20 Gracechurch Street, London, United Kingdom, EC3V 0BG We offer our clients actuarial, product development/management, regulatory compliance, and risk management consulting services to help them make informed decisions and develop strategies that best fit their business needs. Select your location and related market below and a member of our team will be in touch. The head office is in Cirencester, in Gloucestershire, and there are over twenty other offices in the United Kingdom. What's behind insurer's huge transformation. So, the question is how do we keep our focus on the core product? 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. 2023 All Rights Reserved | It has a department called Davies Disruptive Thinking where staff members can pinpoint new ideas many of which make it to the frontline, including one suggestion that proposed the creation of virtual reality headsets to allow claims handlers to get a feel of what its like to be a policyholder something the firm is now selling to its clients. Sale discussions between the owners of Asta Capital and Davies Group have reached advanced stages, Insurance Insider can reveal. Investing in our people and giving them opportunities for career development is central to our success, alongside our employee ownership culture, delivered through our Davies Incentive Plan programme, our innovation lab, and our CSR focus through the Davies Foundation.. St. James's Place plc, formerly St. James's Place Capital plc, is a British investment management company. Allison Carr will lead the UK and Ireland division as the firm brings together its Claims Solutions UK & Ireland and Legal Solutions businesses. This is delivered by building extensive working relationships with brokers to understand the factors effecting settlement. What's behind insurer's huge transformation. In addition, Steven Crabb, CEO of Insurance Services, will continue to serve in his existing role, and he will report to Grocott. This delegated approach reduces the impact a project will have on the clients own resource, by allowing the continuation of daily BAU roles. The service offering is bespoke to our clients requirements and includes, cash management through bank account reconciliation, cash allocation, credit control and bordereau production. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. Website Privacy & Cookies and Disclaimer. I think thats not a surprise, however, Saulter said, the insurance market is resilient through economic booms and busts which is partly why its very interesting for investors and private equity. 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. 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. Get in touch directly using our contact form. We want to be in offices, day in and day out talking about what were doing, making sure if they have feedback, we action it. We ensure our clients operate with the required level of resources and structured regulatory oversight controls and processes to guarantee that they operate to the highest regulatory standards. Please enable it to continue. Starting March 1, the company will align across three operating units: Davies Global Solutions, Davies UK & Ireland, and Davies US, with the three enabling the business to focus its investments and growth plans, as well as drive additional value for its over 1,500 insurance, financial services, and other clients. Davies joined Sompo . This helps to reduce ongoing costs associated with resourcing and recruiting for non-core functions that distract from the business of underwriting. We have worked on the majority of reinsurance products utilised in the industry. Wedeliver 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. Reduced reliance on fronting arrangements means a Captive Syndicate has more control over risk appetite, ensuring captives have continuity of cover. The larger group IT interferes with how effective we can do our job Be the first to find this review helpful They are a growing business with a winning track record of delivering third-party administration and specialist technical services across property, casualty, motor and niche lines to brokers, the Lloyds market, UK and . My congratulations to Allison and Mark on their respective promotions. By clicking Submit you agree to receive email from Davies. Davies Group is an insurance claims service provider. Organic growth is, however, the number one focus for the organisation, with most of the staff at Davies either enjoying incentive plans or being shareholders in the business. In his role as a Client Specialist, he executes a . We believe we were ahead of the curve in investing in things like smartphone apps for processing and adjusting claims, he said. This site requires JavaScript to function properly.