Davies, a provider of specialist professional services and technology for the insurance industry, has announced the acquisition of The Littleton Group, a Texas-based provider of insurance claims services. Littleton provides third-party administration and claims adjusting for insurance carriers, managing general agents, offshore and stateside captives, municipalities, private entities and self-insured businesses.
Littleton will join Davies’s US-based Claims Solutions arm, adding scale to its existing property and casualty operations. Littleton CEO Steve Streetman will join Davies in an advisory and consulting role. Littleton COO Jeff Bode will continue to lead day-to-day operations, reporting to Peter Wilson, head of Davies’s US property and casualty claims operations. All 165 Littleton employees will continue in their roles.
“I am delighted to welcome Steve and the wider Littleton team to Davies,” said Dan Saulter, CEO of Davies. “Building out property and casualty claims capability in the US is a strategic focus and a growing market. Littleton has a longstanding, 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.”
Read more: Davies names new head of US claims business
“We’re really pleased to be joining forces with Davies, an organization committed to growth and innovation within the claims market in the US,” Streetman said. “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.”
Davies has established and expanded its US operations through both organic and M&A growth, and now boasts claims capability spanning the property and casualty, life and health, and transportation insurance markets. Davies’ offering in the US includes a full range of TPA and loss-adjusting services across all 50 states, captive management, auditing, and actuarial services. Davies has more than 4,250 employees working from locations across the US, the UK, Ireland, Canada, and Bermuda.