Towergate M&A head Saulter takes top job at Davies

Loss adjuster Davies has hired Towergate mergers and acquisitions (M&A) head Dan Saulter as its new chief executive.

He will take up his new role in the second half of this year.

Saulter will take over from acting chief executive Mark Chapman, who has run Davies since the departure of chief executive Charles Crawford at the end of October 2012.

Chapman will resume his old role of deputy chairman on Saulter’s arrival.

Davies said Saulter fulfilled three key criteria it was looking for in a new chief executive: insurance sector experience, leadership of a national professional services business and M&A expertise.

Davies chairman Adrian Hill said: “We see great opportunity in the market to grow and expand our range of services and Dan’s extensive M&A experience will be invaluable in this.”

Saulter said: “I look forward to working closely with chief commercial officer Darren Coombes, finance director Tony Debiase and the rest of the team to continue to provide great service to Davies clients, to grow the business, and realise its potential.”

Towergate chief financial officer Scott Egan added: “Dan has made a notable contribution to the success of Towergate over the past six years and we wish him well in this next chapter of his career.

“He leaves our M&A team in great shape, with the team having completed 30 deals since the start of 2012. We have begun the process of searching for a new group M&A director and look forward to continuing this momentum.”