Davies bolsters consulting team with new acquisition

Professional services and technology business Davies has acquired Chicago-headquartered consulting business MVP Advisory Group. It will join Davies’ global consulting division led by consulting & technology CEO Mark Grocott, while MVP managing partners Russ Bostick and Donn Vucovich will lead the business.

All employees will continue in their roles and work closely with MVP’s existing contractor network of subject matter experts.

Dan Saulter, Group CEO, Davies welcomed the team: “I’m delighted to welcome Russ, Donn and the entire MVP team to Davies. Bringing a wealth of knowledge and talent in delivering advisory services and transformation projects exclusively for the insurance market, the business is a great addition to our growing consulting platform.

The newly acquired company specialises in the property and casualty and life and health insurance markets, with projects covering all areas, including underwriting, policy administration, claims management, client experience, finance, compliance, data warehousing, data, analytics, human resources, and information technology.

“The insurance landscape continues to evolve quickly. With new entrants to the market disrupting traditional operating models, it’s become essential for insurers who want to remain relevant and compete to invest in digital transformation, added Saulter.

“MVP’s expertise and commitment to the insurance market, coupled with its strong partnership approach, has helped many clients successfully navigate this evolution by leveraging the power of digital technology, and I’m excited to now be able to offer this talent to our growing client base around the world.”

Bostick also welcomed the deal: “I’m very pleased that MVP is becoming part of Davies which has a shared focus on innovation and digital transformation to guide insurers through every step of any complex transformation project. I look forward to working with Dan, Mark and the wider Davies team to develop and strengthen our highly specialised insurance operations and technology consulting services for our clients.”