Davies Group has launched a new compliance and regulatory consulting business in Bermuda.
The new business, Davies Consulting, will specialise in providing insurance operations and consultancy solutions for insurance intermediaries and (re)insurers with operations in Bermuda, the UK and globally.
The Bermuda operation will add to Davies’ operations in the UK and its team of professionals in the Lloyd’s, London and International insurance markets.
Davies delivers both advisory and operations support for businesses wishing to enter the UK insurance intermediary regulatory environment.
Alongside its insurance services business, Davies offers its clients a broad range of distribution, technical, consulting and technology solutions to help power their success.
Steven Crabb, insurance services CEO, commented: “We are delighted to announce the launch of Davies Consulting which will extend the value proposition of our compliance consultancy and outsourced services to insurance intermediaries, (re)insurers and their Bermuda operations.”
He continued: “We are seeing an increasing demand from our clients for compliance expertise to help them navigate changing regulatory environments in the UK, Bermuda and the US. Davies has a well-established presence in Bermuda in leading captive management provider Quest headed by Nick Frost.”
He added: “Deepening and broadening our capability is an essential part of our strategy to remain both relevant and valuable to our clients, and we look forward to being able to offer a deeper range of consulting solutions to our clients across our wider business.”
