Davies accelerates international growth
20th December 2021Tweet
Davies has signed a purchase agreement to acquire US-based insurance-focused actuarial consulting business Merlinos & Associates.
Merlinos provides a range of compliance, risk management, and wider actuarial consulting solutions to the property and casualty and life and health insurance markets in the US, and its acquisition will strengthen Davies’ insurance services offering globally.
All 50 Merlinos’ employees will continue in their roles within Davies, with its management team remaining in place and reporting directly to Davies’ Insurance Services US CEO Robert Dewen.
Dan Saulter, Group CEO of Davies, said, “We are excited to welcome the whole Merlinos team to Davies. The business is a fantastic fit for us, bringing a wealth of experience serving the insurance market with a diverse outlook and international client base of insurers, public entities, captives and self-insured entities. The addition of Merlinos significantly enhances our existing actuarial services capability and will accelerate growth in this high value service space.”
Paul Merlino, President of Merlinos, said, “We look forward to working with the wider Davies team to continue our client-centric focus and offer expanded insurance services and related state of the art technology investments from the broader Davies group. Our employees will continue to be our most valuable asset and will have great and expanded opportunities for their personal development and career progression.”Tweet