Davies has signed a mandate with Brown & Brown Insurance to acquire four claims and services businesses. It will also establish a long-term strategic partnership between the two firms, which will see Davies provide additional solutions and services to Brown & Brown.
Brown & Brown executive, Dhara Patel, will join Davies and will continue to lead the businesses, reporting to Matt Button, CEO of Davies North America.
ACM will acquire American Claims Management (ACM), Preferred Governmental Claims Services (PGCS), USIS and ICA.
ACM is a third-party claims administrator (TPA); PGCS is a claims management business specialising in Florida governmental and municipality agencies; USIS is a supplier of managed care services and TPA for workers' compensation and liability claims; ICA is an independent property adjusting firm.
As part of the mandate, more than 600 employees will join Davies, from Brown & Brown.
The four specialist businesses will strengthen the firm’s existing TPA offering in property and workers’ compensation claims, catastrophic loss adjusting & response management, auto & general claims, as well as professional liability claims management.
The deal will also add a number of niche new services, including dedicated medical claims management and governmental third-party claims solutions, for Davies’ clients.
Commenting on the acquisition, Dan Saulter, group CEO, Davies, says: “Encompassing four businesses is one of the largest Davies has ever completed on US soil and represents the huge gains we are making in North America. Each of the four businesses is well-known in the market for delivering innovative solutions in its own area of expertise.”
