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. From our bases in Bermuda and the US our team delivers captive operations, including rent-a-captive, re-insurance advice, and exit solutions. Get in touch for a free consultation. 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. At EAD Insurance we specalise in many types of private & commercial insurance and are specialists in vintage car insurance. 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. We provide operational and consulting solutions for the domestic and international insurance market. Matt Button will continue to lead Davies U.S., who over the course of his 8-year tenure at Davies has served in a variety of senior roles, including previously leading the firms global M&A programme. Select your location and related market below and a member of our team will be in touch. In his role as a Client Specialist, he executes a . We deliver operations, consulting . Our team delivers full service captive capabilities including feasibility studies, incorporation services, reinsurance and insurance advice, complete and ongoing management services, and exit solutions. 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. Through significant industry experience, advanced technical solutions, and highly skilled staff, we deliver exceptional claims reviews. Under his direction and leadership over 15 years he has built a remarkable business filled with industry experts, providing market leading legal solutions to the insurance market. What Davies wants to do is to replicate what it does in the UK over in the US, inBermudaand in Ireland, he said. If you watch this space, we expect to be announcing more stuff in the next three- to six months.. Wstenrot Landesdirektion Steiermark, Allianz Agentur Rumpold Andreas, Steiermrkische Gebietskrankenkasse, BVAEB - Landesstelle fr Steiermark, Merkur Versicherung AG Regionaldirektion Sd Davies Group Ltd. | In our experience prior to any migration, the key to a smooth transition lies in preparation. Dismiss. A keen Agilist, I have a pragmatic approach and believe in applying a methodology relative to the needs and . Ron Davies Former President, CEO, Board Member at Safe Auto Insurance Group & American Property Casualty Insurance Association New Albany, Ohio, United States 1K followers 500+. Flexibility to accommodate fronting in territories where Lloyds is unlicensed. Globally Davies 4,300 colleagues operate across the UK, Ireland, Bermuda, the US and Canada. Mike Plazony is a Partner with MVP Advisory Group, leading the New Business Sales & Underwriting Practice. This button displays the currently selected search type. Please enable it to continue. flexible DUM resource, bordereau mapping and processing, credit control and audit & inspection services. Dan Saulter, Group CEO commented: I congratulate Allison and Gary on their welldeserved promotions. Davies Group is an insurance claims service provider. | See a full list of Davies companies, Existing insurers seeking additional distribution via the Lloyds platform, Innovative start-up businesses offering different products and distribution, Significant, established MGAs/MGUs seeking to take underwriting risk into their own business, Single geography or product line experts unable to set up independently, A business or capital provider seeking to gain exposure to underwriting at Lloyds and the additional distribution it offers, Businesses seeking flexibility of either a cost-effective long-term partnership with a host syndicate, or migration to full syndicate over time, Management information including Compliance and Regulatory reporting, Comprehensive analysis of Loss Funds held in trust (live and legacy), including a managed Loss Fund Service Identifying missing Loss Funds, When funds are returned, outstanding losses can be reduced simultaneously, Recovering Loss Funds on contracts that are closed or purged, around 20% of the recoveries relate to these, Implementing controls and procedures to prevent future mismanagement, Target portfolio vs current operational landscape, Operational strategy & identification of expertise & solutions required, Holistic performance metrics measuring UW and operational performance, Expert insight on performance, advise on the impact and on risk appetite / operations, A significant improvement in premium collection performance, Enhanced data integrity through management of EPIs, Continued data cleansing to ensure complete accuracy of reports, Positive balance sheet impact from accelerated cash flow, The development and implementation of best practices in relation to the recording, monitoring and collection of premiums, Membership of an Oversight Working Group which works towards delivering the Boards Annual Service Strategy, Increased profitability from unbudgeted premium collections, Positive balance sheet impact from additional cash flow, No risk to our clients we are only remunerated when successful, Credit control of outstanding aged debt, including statementing, Segregated account for a clients stand-alone insurance program, Underwriting profits determined by own loss experience, No pooling of risks with other segregated accounts, Robust legislation ensures that one account cannot attach to the assets and liabilities of another account, Single parent risks that are too small for stand-alone captive. I wish him all the very best with his retirement and for his future plans., You can select the Newsletters you wish to receive. CEO - Claims Solutions, UK & Ireland kath.mainon@davies-group.com Lee Bradshaw Managing Director - Niche Claims lee.bradshaw@davies-group.com Lesley Johnson Chief Operating Officer - Casualty and Motor, including VRG lesley.johnson@davies-group.com Mark Grocott CEO - Consulting & Technology & Group Chief Digital Officer 2023 All Rights Reserved | 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. The unit will create a 1,000+ person global team, and it will operate across 10 countries. A number of Daviess investment decisions in 2020 and 2021 will come off the back of ideas generated in the Innovation Lab. Claims Solutions UK & Ireland CEO Kath Mainon will continue in her role, reporting to Carr. The number one factor is the cultural fit of the target, he said about potential acquisitions. 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. We achieve this through providing advisory / consulting services and through the utilisation of our FCA regulatory permissions under an Appointed Representative Framework. Registered address: 5thFloor, 20 Gracechurch Street, London, United Kingdom, EC3V 0BG 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 focuses on improving payment performance through targeted credit control, enhanced data quality through management of EPIs and management reporting. In the constantly changing world of reinsurance, we supply experienced technical resource to support the business. OUR SOLUTIONS Claims Solutions Legal Solutions Insurance Services Consulting Consulting Please feel free to share your comments below. Our team delivers full service captive capabilities including feasibility studies, incorporation services, reinsurance and insurance advice, full ongoing management services and exit solutions. Dismiss. Back in January the firm received a significant investment from a new Canadian shareholder AIMco, an Alberta-based pension fund. 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. 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 . Insurance solutions provider Davies has announced a new structure that simplifies its operations following a period of organic and M&A growth. The DAGS offering is structured into the three tiers identified as follows: Provision of services and resource to support the DA lifecycle, e.g. As well as captives, we manage a number of commercial insurers and reinsurers. There are a host of large players with what we think are unsustainably low margins. Typically the premium collected does not form part of our clients debtors as they may not be aware of the premiums owed to them. Davies, a specialist professional services and technology business, serving insurance and highly regulated markets, has acquired MVP Advisory Group, LLC, the consulting business specialising in advisory & transformation projects for the property & casualty and life & health insurance markets. 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. 07337195 Email This BlogThis! Our professional claims management team provides customized. We pride ourselves on a collaborative approach with insurers, managing agents, TPAs, and brokers. This new team consists of over 3,000 employees, with its members. This site requires JavaScript to function properly. By clicking submit, you consent to allow Davies to store and process the personal information submitted to provide you with the information requested. 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. 1mo. 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. With the latest market intelligence, we seamlessly facilitate your subrogation management and claims recovery needs. 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. Our team offers a dedicated service to risk carriers who wish to delegate the implementation, strengthening, migration and/or upgrade of a reinsurance software to a third-party. What's behind insurer's huge transformation. Our professionals combine traditional inspection methods with innovative AI for more precise and near-instant analysis of industrial, commercial, and residential properties. Davies joined Sompo . Reach the largest reinsurance audience. That is our day job. I am pleased that once again weve been able to promote internally. 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. Surprisingly in the insurance market that hasnt been done much yet. The wider IRSi team will continue in their roles within Davies. 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 The firm has also expanded its ownership structure so rather than a very small section of the management team profiting, it instead has more than 1,000 people who are stock owners or who drive the value creation in Davies making it much easier to meet staff and talk about how were going to grow our business and serve our clients because they can see what they are doing has a direct impact on their lives and their careers.. Or find and follow Reinsurance News on social media. 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, Davies group CEO Dan Saulter said. This provides operations information to increase knowledge and awareness to stimulate actions leading to improved payment performance. 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 . This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. 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, the question is how do we keep our focus on the core product? This helps to reduce ongoing costs associated with resourcing and recruiting for non-core functions that distract from the business of underwriting. He joined Davies as CEO in July, 2013 and led the organisation toimpressive growth in 2019. Kyle Davies Expand search. 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. Growing through acquisition is a core aim for the group, Saulter said, as sometimes a better route into a new market or into a new client segment is possible by buying in and then growing organically with these new businesses. 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 for Towergate in 2007. By clicking Submit you agree to receive email from Davies. Expert insurance services tailored to fit your needs. We deliver professional support services to existing fully authorised MGAs, as well as general bespoke service support to entities involved in the delegated underwriting arena. It hopes to position itself as a relevant player in the learning solutions market. 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. Our services include premium credit control, delegated authority management, reinsurance project support, audit solutions and financial review programmes. Value your employees like your business depends upon it because it does, Automate your way to a better, more efficient business, Davies Group Ltd. | You can download the brochure by clicking the button below. Managing Director - Davies Intermediary Support Services, Davies Group Ltd. | It's important for @Davies_Group' to position its business units and leadership' to best serve its clients, says chief executive https://insurancetimes.co.uk . LONDON, UK 25 March 2021 Davies, the leading specialist professional services and technology business, serving insurance and highly regulated markets, today announces two key appointments to its Legal Solutions business, Keoghs. 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. Organic growth is powered by Daviess investment in digital transformation, Saulter outlined. Davies's primary competitors include Longdown EIC, Alesco, Simply Business and 9 more. James Jacob, Director at Insurance Services explains why Londons market modernisation, Delegates are heading to Brighton for the Insurance and Reinsurance Legacy, Our colleagues Nikhil Gandesha from Sionic and Natalie Larnder from our, As brokers prepare to head for Manchester for the first face. Dan Saulter, Davies group CEO, said: "I am delighted to welcome Julian, Simon and the wider Asta team to Davies. Specifically, a lack of clarity around the value of the TPA/Third Party Loss Funds and the historically poor administration experienced by Lloyds and London Market carriers. 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. Davies names Allison Carr UK & Ireland CEO in group reorganistion Davies Group has unveiled a new group structure as it aims for global growth. Dismiss. Cost efficient relative to other Captive domiciles, depending on insured geography and current fronting fees. 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. 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,. Registered address: 5thFloor, 20 Gracechurch Street, London, United Kingdom, EC3V 0BG 10 August 2021. The flexibility of the service offering means it can be adopted as either an end-to-end or modular solution and is customised to meet the specific needs of individual clients whilst benefiting from a bespoke service solution. Company number: 06479822 | 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. What are your thoughts on this story? The move has been supplemented with senior promotions across the newly aligned operating units, with group changes effective from 1 March 2022. I look forward to working closely with Allison and Gary in the years ahead as we execute on our plans. In addition, come 2020, Davies will be in the third season of its disruptive-thinking Innovation Lab an initiative of helping staff put forward their ideas for both clients and internal teams. 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, 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. Access to Lloyds global license network giving direct insurance access in over 80 countries. Stay compliant. 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.