Davies acquires Texas-based claims management group
Davies has acquired The Littleton Group, a Texas-based provider of third party administration and claims adjusting services for insurance carriers, managing general agents, captives and other businesses.
The deal sees Littleton join Davies’ US based claims solutions arm, adding significant scale to its existing property and casualty operations.
Littleton’s chief executive officer Steve Streetman will join Davies in an advisory and consulting role to support integration and growth initiatives. Jeff Bode, Littleton chief operating officer, will continue to lead the day to day operations, reporting directly to Peter Wilson who was recently promoted to head Davies' US property and casualty claims operations.
All 165 employees will continue in their roles within Davies.
Davies has established and expanded its operations in the US through a combination of organic and M&A growth, with the firm now enjoying claims capability spanning the property and casualty, life and health, and transportation insurance markets. Its offering in the US includes a full range of TPA and loss adjusting solutions across all 50 states, as well as captive management, auditing, and actuarial solutions.
Dan Saulter, Davies’ group chief executive officer, highlighted Littleton’s strong reputation and 165 strong workforce as factors that made the deal attractive.
Streetman added: “Davies’ history of investing in people and technology, along with a commitment to always put the interests of clients first, aligns well with our values. The cultural fit with Davies was an important factor and I believe the combination with Davies will present Littleton employees more career development opportunities and an exciting future as the company continues to grow.”