Davies expands US specialist claims offering through acquisition of Littleton
Davies, the specialist professional services and technology business, has acquired The Littleton Group, a Texas, US, based provider of insurance claim services.
Littleton delivers third party administration (TPA) and claims adjusting for insurance carriers, managing general agents, offshore & stateside captives, municipalities, private entities, and self-insured businesses.
Under the deal Littleton will join Davies’ rapidly growing US based claims solutions arm, adding significant scale to its existing property & casualty operations.
Current Littleton CEO Steve Streetman will join Davies in an advisory and consulting role, to support integration and growth initiatives. Jeff Bode, Littleton COO, will continue to lead the day-to-day operations, reporting directly to Peter Wilson who was recently promoted to head Davies' US Property & Casualty claims operations.
Dan Saulter, Group CEO, Davies, commented: “I am delighted to welcome Steve and the wider Littleton team to Davies. Building our Property & Casualty claims capability in the US is a strategic focus and a growing market. Littleton has a long standing, excellent reputation in the market, and the 165 strong workforce joining Davies as part of the deal, bring a wealth of experience and technical expertise to our growing business.”
Streetman added: “We’re really pleased to be joining forces with Davies, an organisation committed to growth and innovation within the claims market in the US. 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.”
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