Business

Davies expands US Life & Health capabilities with new acquisition

Globally, Davies has more than 4,000 colleagues, with operating centres across the UK, Ireland, Bermuda, the US and Canada

Davies has announced the acquisition of Disability Management Services (DMS), the Massachusetts, US based disability claims and insurance services third party administrator for an undisclosed sum.

Earlier this year Davies deepened its claims administration offering to include long-term care solutions through the acquisition of TriPlus, which joined the firm’s existing Claims Solutions US arm.

The firm said acquisition of DMS further broadens Davies’ offering into the Life and Health insurance space, adding disability insurance domain expertise, along with 180 new specialist colleagues, who all join Davies.

DMS COO Steve Miller will replace current CEO and founder Bob Bonsall who will retire upon completion of the transaction. Miller will report to Davies’ US Life and Health CEO, Peter Lucas.

Globally, Davies has more than 4,000 colleagues, with operating centres across the UK, Ireland, Bermuda, the US and Canada. The business delivers professional services and technology solutions across the risk and insurance value chain, including excellence in claims, underwriting, distribution, regulation, customer experience, human capital, digital transformation and change management.

Dan Saulter, Davies group CEO said: “It’s exciting that we have been able to bring DMS and Davies together and I am delighted to welcome DMS’ leadership team, along with the company’s broader workforce to our business.

“Building our Life and Health claims capability in the US is a strategic focus and a growing market. DMS has an excellent reputation, with strong client relationships, and an ethos for great service delivery, all of which provides for close alignment with TriPlus and our wider Davies operations.”

He added: “Looking to 2021, our US and Bermuda operations now represent around a quarter of our global operations. Investing in the US remains a core part of our growth strategy.

“We will continue to push for organic growth, as well as working with like-minded businesses via M&A to ensure we can deliver for our 750+ global insurance and highly regulated clients.”

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