Davies has announced that it has acquired Building Validation Solutions Group (BVS) for an undisclosed amount.
Based in Bolton, UK, BVS provides coverage across the UK and specialises in end-to-end claims management, property and subsidence claims validation.
BVS will join Davies’ UK based claims solutions arm, headed up by CEO Kath Mainon, whilst the firm’s managing director, Chris Brown will continue to lead the business and will report to Davies’ COO of property claims, Russell Crewe.
Dan Saulter, group CEO of Davies, said: “It’s great to welcome Chris and the wider BVS team to Davies. The business has an excellent track record of disrupting the property claims market, and like us, has invested in clever technology to automate claims journeys for insurers and their policyholders.
“The addition of BVS to our growing claims platform provides an exciting opportunity for us to take an automated low-value property claims proposition to our clients.”
Brown added: “We’re delighted to be joining forces with Davies. Our shared vision of disrupting traditional claims models through investment in automation and digital transformation was an important factor for us and enables us to take a compelling combined proposition to our clients.
“I look forward to working with Dan, Kath, Russell and the wider Davies team to develop and strengthen our claims solutions offering for our clients.”