UK-based Davies, a specialist professional services and technology business serving insurance and highly regulated markets, has agreed to acquire San Antonio-based IAS Claim Services (IAS).
IAS provides a range of tech-enabled claims solutions including desk adjusting, field adjusting and third party administration (TPA) services to the insurance market. It specializes in daily property, commercial, catastrophe and large loss claims and has a nationwide network of independent adjusters serving all 50 states.
IAS will form part of Davies’ existing US-based claims solutions business led by CEO Matt Button. Walter Leddy, IAS’ CEO and the existing management team will continue to lead the day-to day-operations and the wider team will continue in their roles within Davies.
In recent years, Davies has established and expanded its operations in the US and now has claims capability spanning property/ casualty, life/ health, and transportation insurance markets. Davies’ 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.
Source: Davies
Topics Mergers & Acquisitions Claims
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