Davies News

Lloyd’s Third-Party Managing-Agent Asta Opens Service Company in Singapore

Asta, the leading third-party managing agent at Lloyd’s, announced it is strengthening its global presence by establishing a service company in Singapore. With the Asian market presenting extensive opportunities, Asta has launched a service company that will enable clients easily …

Professional Services Firm Davies Completes Acquisition of Asta at Lloyd’s

Davies, the London-based specialist professional services and technology business, announced it has completed the acquisition of Asta Capital, the third-party managing agent at Lloyd’s, following receipt of regulatory approval. Davies said the deal adds significant strength and reach to its …

Davies Acquires Insurance Risk Services, an Inspection Firm

Davies, a professional services and technology company serving the insurance market, announced it has agreed to purchase Insurance Risk Services, a Florida-based firm that provides inspections for underwriting. Insurance Risk Services, or IRS, is based in Lake Mary, Florida. It …

Davies to Acquire San Antonio Claims Specialist IAS

UK-based Davies, a specialist professional services and technology business serving insurance and highly regulated markets, has agreed to acquire San Antonio-based IAS Claim Services (IAS). IAS provides a range of tech-enabled claims solutions including desk adjusting, field adjusting and third …

Update: Private Equity Firm BC Partners Agrees to Buy Insurance Service Company Davies

BC Partners agreed to take over insurance service company Davies, as it bets on fast-growing demand for outsourcing in the financial industry. The private equity firm signed a definitive agreement to buy a majority stake in London-based Davies, it said …

Davies Acquires Massachusetts’ TriPlus Service in North American Expansion

Davies, a specialist professional services and technology business, has acquired TriPlus Service Inc, a long-term care insurance third party administrator (TPA) based in Massachusetts. TriPlus provides its long-term care carrier clients with claims and policy administration management solutions as well …

Davies Named CEO of Ohio-based SafeAuto Insurance

Columbus, Ohio-based insurer, SafeAuto, announced that Ron Davies, former senior vice president with Allstate Insurance Co., will take over as chief executive officer of the company on Aug. 13. This is the first time SafeAuto has gone outside the company …