Davies has signed a purchase agreement to acquire IAS Claim Services (IAS), a Texas-based national property claims firm.
As part of the deal, IAS will form part of Davies’ existing US-based claims solutions business led by CEO, Matt Button.
Walter Leddy, IAS’ CEO and the existing management team will continue to lead the day-to-day operations and the wider team will continue in their roles within Davies.
Davies, which was founded in the UK, has recently established and expanded its operations in the US through M&A growth, with the firm’s claims capability now spanning property and casualty, life and health, and transportation insurance markets.
Dan Saulter, group CEO of Davies, said: “I’m delighted to welcome Walter and the wider team to Davies. IAS brings a wealth of knowledge and expertise to the group and has invested heavily in developing proprietary technology, including its national loss adjusting platform, virtual inspection and desk adjusting technology solutions.
He added: “Diversifying our solutions and expanding our operations across North America is an important plank to our growth strategy. Through the addition of IAS we can become more valuable to our 800+ global insurance and highly regulated clients.”