To say that London-headquartered insurance services provider Davies Group has been busy is perhaps putting it lightly. Now, hot on the heels of its US acquisitions is the launch of a new consulting business in Bermuda.
Davies Consulting (Bermuda) will specialise in providing insurance operations and consultancy solutions for insurance intermediaries and (re)insurers with operations not only in the British island territory but also the UK and globally.
“We are delighted to announce the launch of Davies Consulting (Bermuda), which will extend the value proposition of our compliance consultancy and outsourced services to insurance intermediaries, (re)insurers and their Bermuda operations,” said insurance services chief executive Steven Crabb.
“We are seeing an increasing demand from our clients for compliance expertise to help them navigate changing regulatory environments in the UK, Bermuda, and the US.”
According to the group, the unit will complement and mirror Davies’s established operations in Britain and its team of experienced professionals in the Lloyd’s, London, and international insurance markets.
Crabb added: “Davies has a well-established presence in Bermuda in leading captive management provider Quest headed by Nick Frost. Deepening and broadening our capability is an essential part of our strategy to remain both relevant and valuable to our clients, and we look forward to being able to offer a deeper range of consulting solutions to our clients across our wider business.”