Davies makes sixth acquisition in 2019 as North America expansion gathers pace

Davies, an operations management, consulting and digital solutions provider, has acquired Alternative Service Concepts (ASC), a workers’ compensation and property and casualty third party administrator (TPA) headquartered in Nashville, Tennessee.

Operating nationally across the US, ASC provides specialist end-to-end claims solutions to US and Lloyd’s insurance businesses, public entities, self-insured entities, insurance agencies and brokers.

ASC will join Davies’ newly formed North American Claims Solutions business, alongside its independent adjusting business, Frontier. ASC will form a new TPA arm within Claims Solutions, enabling Davies to offer its clients a turnkey solution throughout the US.

The deal is Davies’ sixth acquisition of 2019. Earlier this year, Canadian investor AIMCo took a minority stake in the group alongside majority shareholder Private equity firm HGGC to support Davies’ next phase of international expansion and continued digital transformation. Davies’ team of more than 2,000 professionals deliver turn-key solutions across claims, insurance services, consulting and technology in partnership with more than 500 insurance, highly regulated and global businesses from its operations in the UK, Ireland, Bermuda, the US and Canada.

Dan Saulter, chief executive of Davies, said: “I am thrilled that the ASC team have decided to join Daviesand partner with us as we look to grow our US Claims Solutions business. ASC has an excellent reputation and their client service focused culture is closely aligned with ours. Adding ASC to our newly-formed independent adjusting business means we can now provide our insurance clients with multi-line claims solutions in the US in the US and Canada, in addition to our established operations in the UK and Ireland”.

He added: “Adding claims TPA capability is an important part of our growth strategy in North America where we plan to continue developing our solutions through adding further complementary TPA and supply chain capabilities both organically and through additional acquisitions in the future.”

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