’This service will allow clients to focus on growth while ensuring compliance without the need to build out their own management functions,’ director says
Davies has launched a delegated authority management service and appointed Stuart Cheers-Berry to lead the initiative
The service is designed to support clients operating in the fast-growing delegated authority (DA) sector, where regulatory scrutiny has intensified.
Cheers-Berry, who has taken on the role of delegated authority manager, will oversee the launch and ongoing development of the service.
Matt Lane, chief executive of intermediary and market services at Davies, said: “The launch of this new service draws on Davies’ considerable capabilities and our long and extensive experience of supporting clients in the DA space.
”The fully managed service completely removes the need for clients to attract, lead, motivate and retain the necessary DA, finance and compliance professionals, or have the tools needed to maintain a compliant DA capability successfully.”
Experience
Cheers-Berry has worked in and around the Lloyd’s and London markets since 1997.
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He joins from PoloWorks, where he served as delegated underwriting authority controller and before that as technical controller for the same company.
He began his career processing claims for several Lloyd’s syndicates, progressing to roles involving binder management, aggregations processing, catastrophe modelling, contract certainty, sanctions checking and DA.
In his new role, he will report to James Jacob, director of market services at Davies.
Jacob said: “I’m extremely pleased to welcome Cheers-Berry to Davies, whose broad expertise gained over nearly three decades make him the ideal person to lead our newly launched service.
”For the past three years DA growth has outpaced open market business in Lloyd’s, with DA business actively encouraged through the corporation’s SIAB initiative. However, concerns continue to be raised around the adequacy of managing agencies’ DA resources and controls.
”This service will enable clients to maintain their focus on growth, assured that such concerns won’t apply to them and without the need to build out their DA management functions.”
Cheers-Berry’s appointment comes following a range of hires in the last year. For example, in January 2025, it expanded its consulting division with the appointments of Paul Johnson as chief operating officer and Matt Parkinson as chief revenue officer.
In July 2024, meanwhile, Davies appointed Amber Wilkinson as its new group chief financial officer.
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