Davies continues to expand with new US acquisition

Specialist professional services and technology business Davies has acquired Afirm Solutions, the specialist provider of premium audit, loss control inspection and risk mitigation services for insurance carriers, insurance distribution platforms, and third-party administrators (TPAs).

Headquartered in Fort Collins, Colorado, Afirm is a nationwide full-service provider of premium audit and loss control inspection services across personal and commercial lines of insurance throughout all 50 states and parts of Canada. Afirm is the only vendor providing premium audit and loss control with operations in Canada.

Afirm will form part of Davies US led by chief executive Matt Button. Afirm President Mark de Waal will continue to lead the business, joining the Insurance Services leadership team within Davies US All Afirm employees will continue in their roles within Davies US.

In recent years, Davies has established and expanded its operations in the US through a combination of strong organic and M&A growth, with the firm now boasting claims solutions, insurance operations, consulting & technology capabilities spanning property & casualty, life & health, and transportation insurance markets. In the US, Davies provides a full range of TPA and loss adjusting solutions across all 50 states, specialized insurance operations and technology consulting as well as captive management, auditing, actuarial, subrogation, excess claims management and risk and inspection solutions.

The business delivers professional services and technology solutions across the risk and insurance value chain, including excellence in claims, underwriting, distribution, regulation and risk, customer experience, human capital, digital transformation and change management.

Dan Saulter, group chief executive of Davies, commented: “I’m delighted to welcome Mark and the entire Afirm team to Davies. The business has an excellent track-record of delivering strong technological capabilities and is well-known in the market for its ability to innovate and evolve.”

He continued, “Many of our insurance and highly regulated clients are seeking to work with fewer strategic partners, and to build long-term relationships across a range of services to support their growth and delivery. Bringing Afirm’s premium audit and loss control teams together with our existing insurance operations in North America enables us to take an expanded specialist and tech- enabled audit and loss control offering to our 1,200+ insurance and highly regulated clients globally.”