MVP will join Davies’ global consulting division under the leadership of consulting and technology CEO Mark Grocott. MVP Advisory Group Managing Partners Russ Bostick and Donn Vucovich will continue to lead the business within Davies, working closely with the group’s existing network of contractors. All MVP Advisory Group employees will continue in their roles within Davies as well.
Davies strengthens its global consulting and technology capability through acquisition of US-based specialist insurance consulting business, MVP Advisory Group https://t.co/BdzW8vQ8n8 https://t.co/VxvK2lQbQJ pic.twitter.com/X2ar0QNqbZ
— MVP Advisory Group (@MVPAdvisoryGrp) January 30, 2023
The acquisition is in line with Davies’ recent strategy, which has focused on diversifying and deepening its consulting and technology capabilities to deliver customer experience, process automation and modernization of legacy platforms for its base of more than 1,200 insurance clients. and highly regulated markets. In 2021, Davies supported its banking and insurance clients with enhanced international technology transformation and digitization, compliance and risk management capabilities through the acquisition of Sionic.
With the acquisition of MVP Advisory Group, Davies now offers a full range of TPA and loss adjusting solutions in all 50 US states, as well as captive management, auditing, actuarial, subrogation, claims management solutions in excess and risk and inspection.
“I am delighted to welcome Russ, Donn and the entire MVP team to Davies,” said Davies Group CEO Dan Saulter, commenting on the transaction. “By bringing a wealth of knowledge and talent in delivering advisory services and transformation projects exclusively to the insurance market, the business is a great addition to our growing consulting platform.”
Saulter noted that the insurance landscape continues to evolve rapidly. “With new market entrants disrupting traditional operating models, it has become essential for insurers that want to stay relevant and compete to invest in digital transformation,” she said.
“MVP’s experience and commitment to the insurance marketplace, along with its strong partnership approach, has helped many clients successfully navigate this evolution by leveraging the power of digital technology, and I am excited to now offer this talent. to our growing customer. base all over the world.”
Sherman & Company advised MVP on the transaction.
