​Davies purchases specialist US-based insurance consulting firm

Davies has today (30 January 2023) revealed its purchase of MVP Advisory Group – a specialist insurance consulting business.

MVP is headquartered in Chicago, Illinois and specialises in advisory and transformation projects for the property and casualty as well as life and health insurance markets.

The firm will join Davies’ global consulting division led by consulting and technology chief executive Mark Grocott.

Managing partners of MVP Russ Bostick and Donn Vucovich will continue to lead the business and all MVP employees will continue in their roles within Davies.

Dan Saulter, group chief executive of Davies, said: “The insurance landscape continues to evolve quickly. With new entrants to the market disrupting traditional operating models, it’s become essential for insurers who want to remain relevant and compete to invest in digital transformation.

“MVP’s expertise and commitment to the insurance market, coupled with its strong partnership approach has helped many clients successfully navigate this evolution by leveraging the power of digital technology and I’m excited to now be able to offer this talent to our growing client base around the world.”

Shared focus

MVP’s insurance and technology specialists manage projects in all areas of insurance including underwriting, policy administration, claims management, client experience, finance, compliance, data warehousing, data, analytics, human resources and information technology.

Russ Bostick added: “I’m very pleased that MVP is becoming part of Davies, which has a shared focus on innovation and digital transformation to guide insurers through every step of any complex transformation project.

“I look forward to working with Saulter, Grocott and the wider Davies team to develop and strengthen our highly specialised insurance operations and technology consulting services for our clients.”