Insurance solutions provider Davies has acquired independent loss adjusting company Barker Claim Services, which operates in Virginia, North Carolina, South Carolina and north-east Tennessee in the US.
Financial terms of the deal were not revealed.
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This move is said to bolster Davies claims handling capabilities across these states, offering regional services to its clients.
Barker, based in Greensboro, North Carolina, is known for its professional claims handling and loss adjusting expertise, particularly in property, casualty and motor claims.
The acquisition will add to Davies’ existing North American operations, headed by Barker CEO Don Lederer.
Davies has been expanding its North American presence through organic growth and strategic M&A since 2019.
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By GlobalDataThe company aims to offer nationwide coverage while maintaining a regional presence.
Davies in North America now covers a wide range of sectors including property and casualty, life and health, transportation, energy and marine insurance markets.
The company also offers solutions such as third-party administration and loss adjusting across all 50 states and parts of Canada.
Additionally, it provides a full suite of services including actuarial services, auditing, captive management, forensic accounting, excess claims management, risk and inspection solutions, and subrogation.
Davies CEO Dan Saulter said: “I would like to extend a warm welcome to Brian and the rest of the team at Barker Claim Services. Brian and his team have an excellent reputation for maintaining strong relationships with its clients and delivering an exceptional level of service with local expertise.”
Barker president Brian Barker stated: “By investing heavily in technology and its people, Davies has been able to grow rapidly within the insurance market in North America over the last few years. Combining our regional expertise with Davies’ strong market presence and end-to-end insurance and risk management solutions will allow us to offer clients a bespoke service operation and strengthen our overall proposition.”
Meanwhile, in April this year, Davies received approval from the Belgian Financial Services and Markets Authority to commence its European broking operations.
