Davies, the leading specialist professional services and technology business, serving the insurance and wider highly regulated markets, today announces the acquisition of The Littleton Group (“Littleton”), the Texas, US based provider of insurance claim services. Littleton delivers third party administration (“TPA”) and claims adjusting for insurance carriers, managing general agents, off-shore & stateside captives, municipalities, private entities, and self-insured businesses.
Under the deal Littleton will join Davies’ rapidly growing US based Claims Solutions arm, adding significant scale to its existing Property & Casualty operations. Current Littleton CEO Steve Streetman will join Davies in an advisory and consulting role, to support integration and growth initiatives. Jeff Bode, Littleton COO, will continue to lead the day to day operations, reporting directly to Peter Wilson who was recently promoted to head Davies’ US Property & Casualty claims operations. All 165 employees will continue in their roles within Davies.
Davies has established and expanded its operations in the US through a combination of strong organic and M&A growth, with the firm now boasting claims capability spanning the Property & Casualty, the Life & Health, and the Transportation insurance markets. Davies’ offering in the US includes a full range of TPA and loss adjusting solutions across all 50 states, as well as captive management, auditing, and actuarial solutions.
Globally, Davies has more than 4,250 colleagues, with operating centres across the UK, Ireland, Bermuda, the US and Canada. The business delivers professional services and technology solutions across the risk and insurance value chain, including excellence in claims, underwriting, distribution, regulation, customer experience, human capital, digital transformation & change management.
Dan Saulter, Group CEO, Davies commented: “I am delighted to welcome Steve and the wider Littleton team to Davies. Building our Property & Casualty claims capability in the US is a strategic focus and a growing market. Littleton has a long standing, 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.”
Steve Streetman, Littleton added: “We’re really pleased to be joining forces with Davies, an organisation committed to growth and innovation within the claims market in the US. 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.”
Waller Helms Advisors, LLC served as financial advisors to The Littleton Group during this transaction.