Davies mulls North American expansion with first claims deal
Insurance service provider Davies Group has acquired Ohio-based Frontier Adjusters, a multi-line independent claims adjusting provider, as part of its North American investment plans.
Specialising in all major property, casualty and auto insurance claims, Frontier works in partnership with national and regional insurance companies, third party administrators, self-insured entities, and governmental agencies.
The deal marks Davies’ fourth acquisition of 2019 and its first claims deal in the US. Frontier will become the independent adjusting arm of its new US claims solutions business.
Earlier this year, Canadian investor AIMCo took a minority stake in the group alongside majority shareholder HGGC to support Davies’ next phase of international expansion and digital transformation.
“I am excited to welcome the whole Frontier team to Davies," said Dan Saulter, group chief executive of Davies. "Frontier’s breadth of capability, their geographic footprint, their focus on client service, and investment in technology strongly aligns with our ethos. The addition of Frontier to our growing platform means we can provide our insurance clients with multi-line claims solutions in the US and Canada, in addition to our established operations in the UK and Ireland.”
He added: “Extending our claims operations to North America is an important part of our growth strategy. We plan to continue developing our solutions in North America through adding complementary TPA and supply
chain capabilities both organically and through additional acquisitions in the future.”
Milo Bolender, SVP of Frontier, commented: “We’re delighted to join Davies and are excited about our key role in the group’s expansion plans in North America. We have a strong network of franchisee owner-operators with deep experience who are committed to delivering quality independent adjusting services.”
Get all the latest re/insurance industry news with our daily newsletter - sign up here.
Cyber should be top C-suite priority as global losses pegged at $6tr by 2021, warns new report Expectation of lower-for-longer interest rates prompts cut in earnings estimates Tokio Marine Kiln shakes-up top leadership as CEO and CUO depart Gallagher hires sports broadcaster Jill Douglas for UK operations New insurtech using NLP and machine learning technology launches in the US
Feature: 10 ways insurers are using insurtech to drive new business
Already registered?
Login to your account
If you don't have a login or your access has expired, you will need to purchase a subscription to gain access to this article, including all our online content.
For more information on individual annual subscriptions for full paid access and corporate subscription options please contact us.
To request a FREE 2-week trial subscription, please signup.
NOTE - this can take up to 48hrs to be approved.
For multi-user price options, or to check if your company has an existing subscription that we can add you to for FREE, please email Elliot Field at efield@newtonmedia.co.uk or Adrian Tapping at atapping@newtonmedia.co.uk
Editor's picks
Editor's picks
More articles
Copyright © intelligentinsurer.com 2024 | Headless Content Management with Blaze