Life Insurance

Davies acquires Texas-based property claims firm

Davies, a specialist professional services and technology business serving the insurance industry, has signed a purchase agreement to acquire national property claims firm IAS Claim Services (IAS).

Based in Texas, IAS specialises in daily property, commercial, catastrophe, and large loss claims and has a nationwide network of independent adjusters serving all 50 states.

Read more: Davies snaps up Maryland insurance services firm

In a statement, Davies said that IAS will form part of its existing US-based claims solutions business led by chief executive officer Matt Button, while IAS CEO Walter Leddy and the existing management team will continue to lead the day-to-day operations.

“We’re delighted to be joining forces with Davies,” said Leddy. “Over recent years Davies has accelerated into the US market, and by combining our businesses we have a stronger service proposition for insurance clients who are seeking to engage with a trusted partner that heavily invests in technology, delivers outstanding service experiences, and enables disruption in the market.”

“I’m delighted to welcome Walter and the wider team to Davies,” said Dan Saulter, group CEO of Davies. “IAS brings a wealth of knowledge and expertise to the group and has invested heavily in developing proprietary technology, including its national loss adjusting platform, virtual inspection, and desk adjusting technology solutions. I look forward to being able to offer our clients our enhanced proposition.”

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