Davies, the leading specialist professional services and technology business, serving insurance and highly regulated markets, today announced that it has acquired Afirm Solutions (“Afirm”), the specialist provider of premium audit, loss control inspection and risk mitigation services for insurance carriers, insurance distribution platforms, and third-party administrators (TPAs).
Headquartered in Fort Collins, Colorado, U.S., Afirm is a nationwide full-service provider of premium audit and loss control inspection services across personal & commercial lines of insurance throughout all 50 U.S. states & parts of Canada. Prior to this transaction, Afirm was a wholly owned subsidiary of Kaufman Financial Group, a global network of companies dedicated to shaping the insurance industry. The Kaufman Group’s flagship brand is Burns & Wilcox, an industry-leading provider of specialty insurance solutions with over $2 billion in annual premium.
In recent years, Davies has established and expanded its operations in the U.S. through a combination of strong organic and M&A growth, with the firm now boasting claims solutions, insurance operations, and consulting & technology capability spanning Property & Casualty, Life & Health, and Transportation insurance markets. Davies’ offering in the U.S. includes a full range of TPA and loss adjusting solutions across all 50 states, specialized insurance operations & technology consulting as well as captive management, auditing, actuarial, subrogation, excess claims management and risk & inspection solutions.
Waller Helms Advisors served as exclusive financial advisor to Kaufman Financial Group and Afirm in connection with this transaction.