This site requires JavaScript to function properly. 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. Select your location and related market below and a member of our team will be in touch. 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 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's Profile, Revenue and Employees. Most delays are caused by issues with existing data. As part of their long-term strategy, some of our clients choose to move on to independence but continue to receive key services from us. They have extensive coverage and liability knowledge and use a proprietary recovery tracking platform. The number one factor is the cultural fit of the target, he said about potential acquisitions. Expert insurance services tailored to fit your needs. Our solution enables clients to invoke change or react quickly to changes in their DA landscape, market conditions or meet their regulatory requirements. This site requires JavaScript to function properly. Company number: 06479822 | This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. This delegated approach reduces the impact a project will have on the clients own resource, by allowing the continuation of daily BAU roles. 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. This new division will be led by Allison Carr, who held various senior executive roles spanning 21 years with Davies & Keoghs. Insurance solutions provider Davies has announced a new structure that simplifies its operations following a period of organic and M&A growth. 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 provide expert support for the Lloyds, London and International Insurance Markets. The larger group IT interferes with how effective we can do our job Be the first to find this review helpful 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. 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. Company number: 06479822 | We provide independent and unbiased advice on the potential program and coordinate the consultants needed to perform the analysis and make the application submission to the Bermuda Monetary Authority. 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. Our auditing team provides specialized services for the insurance and reinsurance communities. We have significant experience and expertise in the formation of captives. Davies, the leading specialist professional services and technology business, serving the insurance and wider highly regulated markets, today announces the acquisition of The Littleton Group ("Littleton"), the Texas, US based provider of insurance claim services. What's behind insurer's huge transformation. 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. Davies UK & Ireland will bring together the firms Claims Solutions UK & Ireland and Legal Solutions businesses under a new CEO. The move has been supplemented with senior promotions across the newly aligned operating units, with group changes effective from 1 March 2022. This helps to reduce ongoing costs associated with resourcing and recruiting for non-core functions that distract from the business of underwriting. Executive Management, Operations 2 emails found 1 phone number found . We believe we were ahead of the curve in investing in things like smartphone apps for processing and adjusting claims, he said. The DAGS offering is structured into the three tiers identified as follows: Provision of services and resource to support the DA lifecycle, e.g. For further details contact Nick Frost or Keith Nevett. Our professional claims management team provides customized. Davies Group CEO Dan Saulter said in a statement that IAS has invested heavily in proprietary technology such as its national loss adjusting platform. Place reinsurance coverage on an excess of loss or quota share basis. MVP will join Davies' global consulting division under the leadership of consulting and technology CEO Mark Grocott. Our global top six ranked Captive Management business provides technical solutions to captive customers in Europe, the US, Latin America and Asia. Full Implementation/Strengthening/Migration/Upgrade. Davies delivers operations, consulting and technology solutions across the risk and insurance value chain, including excellence in claims, underwriting, distribution, regulation, customer. We achieve this through providing advisory / consulting services and through the utilisation of our FCA regulatory permissions under an Appointed Representative Framework. CEO - Insurance Services steven.crabb@davies-group.com Chris Butcher CEO - Intermediary Services chris.butcher@davies-group.com James Jacob Director Market Services james.jacob@davies-group.com Nicholas Frost President - Captive Management nick.frost@davies-group.com Steven Goate Director - Intermediary Services steven.goate@davies-group.com The 1,600-plus team operates from more than 30 locations across the US. Steve Evans Ltd. registered in England No. By clicking submit, you consent to allow Davies to store and process the personal information submitted to provide you with the information requested. 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.. Littleton CEO Steve Streetman will join Davies in an advisory and consulting role. Our service solution is flexible to meet our clients requirements and is delivered through our own bespoke system or using third-party client systems. When expanded it provides a list of search options that will switch the search inputs . Broker Wrap takes all the responsibility for legacy issues away from the broker from a set point in time. 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. Asta is currently jointly owned by a consortium . 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, Saulter said. This provides operations information to increase knowledge and awareness to stimulate actions leading to improved payment performance. 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. Value your employees like your business depends upon it because it does, Automate your way to a better, more efficient business, Davies Group Ltd. | We supply experienced personnel to support ceded reinsurance teams in areas such as: Utilising surge resource, leaves the incumbent staff to continue with their daily roles. Be that ceding data, coding or inaccuracies within the RI results themselves. Please enable it to continue. 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). London-based insurtech Flock has raised 31.5m ($38m) in series B funding via an investment round led by Octopus Ventures. We have 220,000+ monthly reinsurance news readers & 18,000+ daily email subscribers. As well as captives, we manage a number of commercial insurers and reinsurers. What Davies wants to do is to replicate what it does in the UK over in the US, inBermudaand in Ireland, he said. Our team have been providing services to our Lloyds and Company market clients since 2010 to improve coverholder management and performance including compliance and regulatory reporting as well as credit control reporting on a declaration by declaration basis. This article was first published by Insurance Times. 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. In the US, we see a number of dynamics [that make our proposition stand out]. Our global top six ranked captive management business provides technical solutions to captives in Europe, the U.S., Latin America, Canada, Asia, Guernsey, Australasia, and the UK. The wider IRSi team will continue in their roles within Davies. In the US, he describes their market share as zero but says there is an opportunity to grow and grow quickly. 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 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. Join now Sign in . We passionately want to sell everything we do to all of our customers because we believe what we offer is fantastic. 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.