Davies, an expert companies and expertise options supplier to the insurance coverage sector, has acquired MDD, a global forensic accounting firm.
The transfer will bolster Davies’ International Options division by establishing a brand new international forensic accounting functionality.
MDD brings experience in financial injury evaluation associated to numerous insurance coverage claims and authorized disputes.
With a workforce of over 330 professionals, MDD has served greater than 1,000 worldwide shoppers from over 40 places of work worldwide, spanning areas equivalent to North America, Latin America, Europe, Asia and Australasia.
The combination of MDD into Davies’ International Options division is anticipated to boost the corporate’s choices to its shoppers within the insurance coverage and different regulated markets.
Davies’ shoppers will now have entry to unbiased and main forensic accounting options throughout 5 continents, complementing the corporate’s present companies in claims administration, insurance coverage, consulting and expertise.
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Davies International Options CEO Mark Grocott will oversee the brand new enterprise line, with MDD CEO Paul McGowan becoming a member of his government workforce and reporting on to him.
Following the acquisition, Davies now has a workforce of 8,000 working from 20 nations, with vital operational centres within the UK and US.
The addition of MDD expands Davies’ rising presence within the Asia-Pacific area.
Davies Group CEO Dan Saulter mentioned: “MDD has an enviable worldwide fame for experience within the discipline of forensic accounting alongside delivering wonderful outcomes for its insurance coverage and wider shopper base.
“This deal is an extra demonstration of our ambition so as to add new capabilities, spend money on pioneering applied sciences, and in high expertise internationally to supply our shoppers with end-to-end companies throughout the complete insurance coverage life cycle, with Davies as their strategic companion.”
McGowan added: “In Davies, now we have discovered a like-minded enterprise providing expanded skilled progress alternatives for our staff, enhanced capabilities to higher serve our shoppers by way of continued enlargement throughout international markets, funding in expertise pushed options, whereas sustaining a platform to draw equally aligned entrepreneurs.”
This acquisition follows Davies’ November 2023 deal to amass 4 claims and companies companies from Brown & Brown Insurance coverage.
