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. Over the last six years, we have returned over 160m to the market for Lloyds managing agents and London Market companies across a variety of classes. We have successfully assisted over 15 carriers in the UK and overseas market to deliver their reinsurance TOM, supporting them through their reinsurance software transition. 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. NPA will form part of Davies' existing Claims . Select your location and related market below and a member of our team will be in touch. By clicking Submit you agree to receive email from Davies. By clicking submit, you consent to allow Davies to store and process the personal information submitted to provide you with the information requested. Skilled at managing complex change, developing cross-functional engineering teams and engaging with executive stakeholders. We have over 20 years of experience in delivering a cost effective premium credit control solution to the Lloyds, Company, Legacy (including discontinued lines), Direct Settlement and MGA markets. Dan Saulter, Group CEO, Davies commented: "I'm thrilled that the TriPlus team have decided to join Davies and partner with us as we look to grow our Claims Solutions business in the US and broaden the range of services we can provide to our clients. At that point it started to talk about pushing the business out into the US in the claims solutions area and believes it now has the financial power to make that happen. Davies Insurance Services Insurance Global insurance services provider Follow View all 45 employees About us Our Insurance Services offering extends to all core insurance market players:. 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. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. If youre not going forwards, and if youre standing still, then youre going backwards, said Saulter. Davies names Allison Carr UK & Ireland CEO in group reorganistion Davies Group has unveiled a new group structure as it aims for global growth. By clicking Submit you agree to receive email from Davies. Select your location and related market below and a member of our team will be in touch. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. 2023 All Rights Reserved | 2023 All Rights Reserved | 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. In the constantly changing world of reinsurance, we supply experienced technical resource to support the business. Access the most appropriate markets to ensure the best coverage at the most affordable price. A review would validate data requirements pre system conversion and could be done months before an implementation start date. This site requires JavaScript to function properly. Please enable it to continue. We operate as an independent incubator platform offering a launch and host service to entrepreneurs, private companies and corporates who are looking to establish a Managing General Agent (MGA). Our services include premium credit control, delegated authority management, reinsurance project support, audit solutions and financial review programmes. Surprisingly in the insurance market that hasnt been done much yet. 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. We have worked on the majority of reinsurance products utilised in the industry. You can select the Newsletters you wish to receive. For further details about how your information will be used, please visit our Privacy Policy and Terms and Conditions. Claims Solutions UK & Ireland CEO Kath Mainon will continue in her role, reporting to Carr. Company number: 06479822 | appalling customer service - wouldn't touch them with a barge-pole! Its a highly effective alternative for Captive Owners to diversify their risk financing, reduce collateral requirements and minimise costs. The company told Post that the incident affected "a small number" of services provided by its UK and Ireland claims solutions and UK insurance services divisions. Now its strategy for continued growth and expansion involves a blend of organic and inorganic growth. Over-funding and mismanagement of Loss Funds is an inherent problem within the London Market. Matt Burton will continue to lead the division who has been with the company for eight years; Burton previously led the firms global M&A program. Some of our clients choose to partner with us in the longer term, testimony to our expertise, flexibility and ability to move with the times and respond to a changing business environment. Please enable it to continue. Our CEO of Claims Solutions UK and Ireland, Kath Mainon, was a part of Modern Insurance Magazine 's recent roundtable alongside other experts in #insurance . 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. Place reinsurance coverage on an excess of loss or quota share basis. In addition we provide core operations and capacity management services for brokers and MGAs, and we are the leading provider of legacy solutions for end-of-life broker portfolios. He joined Davies as CEO in July, 2013 and led the organisation toimpressive growth in 2019. Through our Loss Fund experience, over the last 6 years we have returned over 160m of funds which would be classed as closed years to the market and have identified several areas which may provide London Market insurers with the identification of: Written-off, Lost or Forgotten. Back in January the firm received a significant investment from a new Canadian shareholder AIMco, an Alberta-based pension fund. So, this is all about finding ways of doing certain types of claims and perils in new ways that shorten the process and contain costs for insurers. A Captive Syndicate at Lloyds offers a UK domiciled and regulated Captive (re)insurance solution to common pain points experienced by both. 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. Summary of S.652 - 118th Congress (2023-2024): A bill to amend the Employee Retirement Income Security Act of 1974 to require a group health plan or health insurance coverage offered in connection with such a plan to provide an exceptions process for any medication step therapy protocol, and for other purposes. Dan Saulter, Group CEO, Davies commented: "I am delighted to welcome Julian, Simon and the wider Asta team to Davies. This solution is underpinned by an expertise-led team that are fully trained in all aspects of the DA landscape including Underwriting Management (at Senior Levels), Business Planning, Compliance, Operations, Legal, Audit, Service etc. Our objective was to achieve maximum functionality from XLPro to facilitate process accuracy and efficiency within our, Our objective was to provide meaningful management information by improving data quality, managing payment performance and engaging, Our objective was to backload all contracts and bordereaux for previous years for a Lloyds Managing Agent., You can select the Newsletters you wish to receive. The first deal we did was the deal for Frontier now we want to add new capabilities around Frontier and the most obvious thing is to add a broader set of desk claim solutions capabilities in the TPA space. The wider IRSi team will continue in their roles within Davies. Further information about the proposal (including whether it could affect your pre-transfer position), which policies are transferring, your rights and what you need to do can be found at lloyds.com/brexittransfer. We help our clients to manage risk, operate their core business processes, transform and grow. 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 By clicking Submit you agree to receive email from Davies. 1mo. Top Global Insurance & Reinsurance Brokers, Nat cat insured losses in Q1 between $6-8bn thus far, says JP Morgan, ICMR forecasts below 90% combined ratio for Lloyds, Chubb names head of Management Liability for NA Financial Lines. MVP will join Davies' global consulting division under the leadership of consulting and technology CEO Mark Grocott. Davies delivers operations, consulting and technology solutions across the risk and insurance value chain, including excellence in claims, underwriting, distribution, regulation, customer. And the only way we can do that is by telling our story really well in the market and giving great service to our 500 plus insurance clients.. From March 1, 2023, the firm will align across three operating units: Davies Global Solutions, Davies UK & Ireland, and Davies U.S. Kath Mainon, CEO of Claims Solutions UK & Ireland, continues in her role and will report to Carr. Read: 'Future of insurance as insurtech' more crucial than ever says Insurtech Board chairman. This site requires JavaScript to function properly. Select your location and related market below and a member of our team will be in touch. You can download the brochure by clicking the button below. Reduce risk. | 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. Get in touch directly using our contact form. It is a dedicated professional resource that provides expertise on improving our clients bottom line. Wedeliver 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. CEO, Davies U.S. Matthew.Button@us.davies-group.com Paula Kenneson CFO, Claims Solutions Paula.Kenneson@us.davies-group.com Beth Foster Senior VP, Human Resources Beth.Foster@us.davies-group.com Jeff Chang General Counsel Jeffrey.Chang@davies-group.com Noah Rice Chief Compliance Officer Noah.Rice@us.davies-group.com Peter Wilson Current CEO John Whittle will retire from the business after 30 years of dedicated service, with 15 of those as CEO, having led the deal that saw Keoghs join Davies in March 2020. The unit will see the firm bring together its Claims Solutions UK & Ireland and Legal Solutions businesses, creating a 3,000+ person team delivering claims TPA, adjusting, legal services, supply chain, technology, and ancillary services to its clients across the UK and Ireland. An independent launch and host incubation platform for new and established MGAs and intermediaries. Examples of peer reviews as follows: The success of deploying in-sourced project resource depends upon a deep working knowledge and the ability to adapt and integrate. There are 221 jobs at DAVIES GROUP Explore them all Browse jobs by category Insurance 57 jobs Customer Service 22 jobs Software Development 20 jobs Accounting 19 jobs Management 19 jobs Show more categories See all available jobs Salaries Salary estimated from 569 employees, users, and past and present job advertisements on Indeed. We help organisations seeking to harness the power of automation and digital transformation helping them gain competitive edge, to streamline their delivery and service, and to manage operating costs. We are ambitious to continue to grow our legal solutions business in the UK, but also overseas. 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 . He joined Davies as CEO in July, 2013 and led the organisation to impressive growth in 2019. We want to keep that entrepreneurial spirit - thats what has got us to where we are today., "The job you have today is probably going to change", Deal doubles its commercial insurance presence in the region, Copyright 2023 KM Business Information US, Inc, Frontier Adjusters scooped up in Davies's North American expansion, Tokio Marine Holdings acquires PURE Group, Insurance - the week in review Feb 27-Mar 3, Artificial intelligence spurs 62% of carriers to cut staff survey. This is not a static market. We have 220,000+ monthly reinsurance news readers & 18,000+ daily email subscribers. My congratulations to Allison and Mark on their respective promotions. Reach the largest reinsurance audience. We work with our clients to help manage the entire claims process as an extension of their in-house claims department. Group Chief Financial Officer. Frankly, if the existing players arent doing that, someone else will do that. 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 Our professionals combine traditional inspection methods with innovative AI for more precise and near-instant analysis of industrial, commercial, and residential properties. 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. We allow the managing agent to focus on growing their business whilst our experienced staff deliver: MGA credit control and bordereau production. Weve been building a pipeline of acquisition opportunities, Saulter explained, this is not a solely organic play for us. Dan Saulter, Davies group CEO, said: "I am delighted to welcome Julian, Simon and the wider Asta team to Davies. Our team of dedicated and specialised individuals have devised a strategic and effective forensic process to attain the best results for our clients. This site requires JavaScript to function properly. We achieve this by establishing a Captive Syndicate at Lloyds which offers, licensed paper, reduced reliance on fronting partners and competitive fees. Our Reinsurance Project Services has gained an unrivalled reputation for providing services to the Lloyds, London and international insurance markets since 2007. No matter the project or goal, we work with our clients to provide custom solutions that are intuitive with the goal of optimizing operations. Select your location and related market below and a member of our team will be in touch. The flexible platform provided by a Lloyds Captive Syndicate could suit any Captive writing First Party or related Third Party risks from the large blue-chip to the smaller privately owned Captive with multi-national risk exposure and seeking a cost-effective alternative to fronting, more control over its working insurance layers, and reduced tax and regulatory risk. It is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index. 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. "The job you have today is probably going to change", Deal doubles its commercial insurance presence in the region, Copyright 2023 KM Business Information US, Inc, Chubb names new climate business, adds to leadership team, Insurance - the week in review Feb 27-Mar 3, Artificial intelligence spurs 62% of carriers to cut staff survey. By clicking Submit you agree to receive email from Davies. Its main advantage, according to Saulter, comes from within the firm. 2023 All Rights Reserved | Carr was recently CEO of Davies' Legal Solutions arm, Keoghs. 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. With the latest market intelligence, we seamlessly facilitate your subrogation management and claims recovery needs. We have been servicing the Insurance needs of Glengormley and beyond since 1954. OUR SOLUTIONS Claims Solutions Legal Solutions Insurance Services Consulting Consulting Organic growth is powered by Daviess investment in digital transformation, Saulter outlined. All clients are members of the services Oversight Board which governs the service and is responsible for ensuring key deliverables are achieved and includes our annual service strategy which measures performance against agreed targets in line with our service KPIs. A Captive Syndicate can write both first party and related third party risks and sets their own coverage, retentions and wording. http://www.davies-group.com Industries Insurance Company size 5,001-10,000 employees Headquarters City of London, England Type Privately Held Specialties Insurance, Claims, Claims Management,. 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. Our solution enables clients to invoke change or react quickly to changes in their DA landscape, market conditions or meet their regulatory requirements. LONDON, UK - 16 June 2021 - Davies, the leading specialist professional services and technology business, serving insurance and highly regulated markets, today announced that it has signed a purchase agreement to acquire IAS Claim Services ("IAS"), the national property claims firm, that provides a range of tech-enabled claims solutions Dan Saulter, Group CEO, Davies, commented: 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. What Davies wants to do is to replicate what it does in the UK over in the US, inBermudaand in Ireland, he said. 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. Depending on your circumstances and objectives, we offer a range of bespoke solutions including a full Syndicate, a Syndicate-in-a-Box, a Special Purpose Arrangement (SPA), or Captive Syndicate. Mar 2015 - Oct 20172 years 8 months. Early this month the firm announced a new shareholder, with BC Partners taking a majority stake in the business, to support Davies next phase of international expansion and continued digital transformation. 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 forTowergatein 2007. 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. In a typical reinsurance run-off the legacy period may extend beyond 10 years whereas the wrap will allow a broker to clear the legacy and remove their ongoing responsibilities within 12 months. We provide expert support for the Lloyds, London and International Insurance Markets. Davies's Profile, Revenue and Employees.