Davies has promoted Richard Barke to CEO of its Insurance Solutions division. Barke, formerly chief financial officer at Davies-owned Asta, has more than 20 years of industry experience, including senior roles at Aspen and KPMG. In his new position, he will oversee operations and shape the division’s growth strategy, working with Davies’ global leadership team to advance investment in technology and innovation. Davies’ Insurance Solutions business supports Lloyd’s syndicates, managing general agents (MGAs), brokers, insurers, reinsurers, and captive owners with underwriting and broking management, outsourced operations, risk transfer, and legal and regulatory support, as well as distribution development. As part of the leadership changes, Steven Crabb has been named deputy chairman of Insurance Solutions, with a focus on driving organic growth and expanding the division’s geographical reach, particularly in the US. Mark Grocott, CEO of global solutions at Davies, says: “Richard’s extensive understanding of the insurance and financial services markets, along with his experience in complex and evolving business environments, makes him exceptionally well placed to lead us into our next phase of growth and innovation.” Barke adds: “I am excited to take on this role at such a pivotal time for Davies. We have the opportunity to build on the great work already underway, strengthen our capabilities and support our clients in navigating an increasingly complex industry.” The appointment follows the recent promotion of James Ferris to CEO of Davies’ captive management division, reporting to Barke, with a mandate to expand services for captive owners in new global domiciles.
