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. The service offering is bespoke to our clients requirements and includes, cash management through bank account reconciliation, cash allocation, credit control and bordereau production. 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 article was first published by Insurance Times. If it is not possible to acquire the entity, the wrap can still be completed by securing client consent to the transfer. We have a proven track record of enhancing cash flow for our clients and the key deliverables are: We stimulate the payment of premiums on clients legacy years of account, where to date we have realised in excess of 500m of legacy/trapped premium. As we embark on our next phase of international growth and investment, it is important that we position our business units and leadership so we can best serve our 1,500+ clients across the globe. Wstenrot Landesdirektion Steiermark, Allianz Agentur Rumpold Andreas, Steiermrkische Gebietskrankenkasse, BVAEB - Landesstelle fr Steiermark, Merkur Versicherung AG Regionaldirektion Sd Other executives include Chris Butcher, CEO - Intermediary Services; Darren Coombes, Group Deputy Chairman and 23 others. Littleton CEO Steve Streetman will join Davies in an advisory and consulting role. 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. Leading Davies Global Solutions will be Mark Grocott, an experienced industry veteran who has held various senior roles over his 22-year career with the firm including Chief Digital Officer, and latterly as CEO of Consulting & Technology for the group. This delegated approach reduces the impact a project will have on the clients own resource, by allowing the continuation of daily BAU roles. CEO - Claims Solutions, UK & Ireland kath.mainon@davies-group.com Lee Bradshaw Managing Director - Niche Claims lee.bradshaw@davies-group.com Lesley Johnson Chief Operating Officer - Casualty and Motor, including VRG lesley.johnson@davies-group.com Mark Grocott CEO - Consulting & Technology & Group Chief Digital Officer Best Insurance in Graz, Styria. Reduced reliance on fronting arrangements means a Captive Syndicate has more control over risk appetite, ensuring captives have continuity of cover. Davies Group CEO Dan Saulter said in a statement that IAS has invested heavily in proprietary technology such as its national loss adjusting platform. We are the LMAs preferred credit control service provider to the Lloyds Market. What's behind insurer's huge transformation. Over the past decade, the firm has grown its annual revenues by more than 20-fold, investing heavily in research & development (R&D), innovation and automation, colleague development, and client service. Our team of experienced insurance technicians has a proven track record in on-boarding new clients onto their chosen software platforms such as DDM and the improvement in timely receipt of bordereaux from brokers, Coverholders, TPAs and market associations to enhance data quality to further improve the delivery of key information to clients. Dismiss. CEO on Davies Group's plans for US expansion | Insurance Business America The American dream is defined as "the ideal by which equality of opportunity is available allowing the highest . MVP will join Davies' global consulting division under the leadership of consulting and technology CEO Mark Grocott. Our professional claims management team provides customized. Access to Lloyds global license network giving direct insurance access in over 80 countries. 2023 All Rights Reserved | flexible DUM resource, bordereau mapping and processing, credit control and audit & inspection services. According to the announcement, Davies Global Solutions will incorporate the firms high organic growth Consulting & Technology and Insurance Services divisions under a new chief executive officer to create a thousand-plus global team that operates across 10 countries. A huge thank you to our | 12 comments on LinkedIn Company number: 06479822 | Insurance solutions provider Davies has announced a new structure that simplifies its operations following a period of organic and M&A growth. Our Delegated Authority Group Services (DAGS) is a unique and pioneering market offering to the Insurance industry which has been designed to meet the requirements within the Delegated Authority life cycle. 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 This is delivered by building extensive working relationships with brokers to understand the factors effecting settlement. Most delays are caused by issues with existing data. Through our regulated entity Quest Intermediaries (Bermuda) Limited, a Bermuda licensed broking company, we can access the Bermuda Reinsurance Market which is among the top three Reinsurance Markets in the world along with London and the USA. Our broker wrap services also deliver a drastic reduction in the run off period. A number of Daviess investment decisions in 2020 and 2021 will come off the back of ideas generated in the Innovation Lab. In his role as a Client Specialist, he executes a . Our service solution is flexible to meet our clients requirements and is delivered through our own bespoke system or using third-party client systems. This site requires JavaScript to function properly. Through our subsidiary Davies Broking Services, an FCA authorised intermediary with Lloyds accreditation, we operate as an independent, fee for service, incubator platform offering a launch and host service to fledgling Intermediaries in the UK. No risk is retained in the rent-a-captive facility therefore all risks must be fully collateralized by premium, additional capital contributions, reinsurance or letters of credit. This button displays the currently selected search type. Jun 20 2018 // Chicago-based Ryan Specialty Group LLC (RSG) has named Katie Davies as president and CEO . We achieve this by providing all of our clients the same depth of expertise and breadth of services that would otherwise be expensive to resource independently. | See a full list of Davies companies. We help reduce your operating costs through economies of scale. Be that ceding data, coding or inaccuracies within the RI results themselves. Access the most appropriate markets to ensure the best coverage at the most affordable price. Join now Sign in . Accelerate onboarding. OUR SOLUTIONS Claims Solutions Legal Solutions Insurance Services Consulting Consulting We achieve this by establishing a Captive Syndicate at Lloyds which offers, licensed paper, reduced reliance on fronting partners and competitive fees. Its main advantage, according to Saulter, comes from within the firm. A Captive Syndicate can write both first party and related third party risks and sets their own coverage, retentions and wording. 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. By clicking submit, you consent to allow Davies to store and process the personal information submitted to provide you with the information requested. 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 . 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. For further details contact Nick Frost or Keith Nevett. In this role, Allison, with support from her wider team, has been responsible for scaling the Legal Solutions business to over 1700 people, supporting a number of acquisitions and building out a leading UK wide presence. Davies is trying to be deep in terms of capability but also broad for our insurance customers, Saulter said. Our global top six ranked Captive Management business provides technical solutions to captive customers in Europe, the US, Latin America and Asia. At the same time, Kath Mainon, CEO of Claims Solutions UK & Ireland, will continue to serve in her role, and will report to Carr. This role will work closely with the underwriters across some niche risks . UK domiciled and regulated Captive (re)insurance solution at Lloyds, offering stability and security. 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 team provides a complete solution for all administrative MGA processes. Company number: 06479822 | from Broker - insuranceage.co.uk https://ift.tt/JdijZG9. By submitting my information, I agree . Davies Group's Finance Director - Claims Solutions is Arif Patel. We are unashamedly going to be talking to owner-managed or owner-drivenbusinesses in the claims solution area that have succession questions to answer. The division will be led by Mark Grocott, who has been with Davies for over 20 years, holding leadership positions including chief digital officer and CEO of Consulting & Technology. | See a full list of Davies companies. We have successfully supported the launch and host of more than 60 MGAs, and established ourselves as the go-to partner for entrepreneurs and businesses looking to start new MGA platforms. By clicking submit, you consent to allow Davies to store and process the personal information submitted to provide you with the information requested. Our team delivers full service captive capabilities including feasibility studies, incorporation services, reinsurance and insurance advice, full ongoing management services and exit solutions. By clicking Submit you agree to receive email from Davies. Jobs People Learning Dismiss Dismiss. asked for receipts despite the possibility of the item being several years old. For further details about how your information will be used, please visit our Privacy Policy and Terms and Conditions. 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. Our range of solutions includes the Lloyds Syndicate, Syndicate-in-a-Box, Special Purpose Arrangement and Captive Syndicate.