Davies Acquires Insurance Consulting Business MVP Advisory Group

Davies, a specialist professional services and technology business serving insurance and highly regulated markets, has acquired MVP Advisory Group, LLC. MVP Advisory Group, LLC is a consulting business that specializes in advisory and transformational projects for the property and casualty insurance and life and health insurance markets.

Post-acquisition, MVP will join Davis’ global consulting division led by CEO of Consulting & Technology, Marc Grocott.

Sherman & Company advised MVP on this transaction.

At the same time, MVP managing partners Russ Bostick and Donn Vucovich will continue to lead the business. All his MVP employees will also continue to fill roles within Davies, but will continue to work closely with his MVP’s existing contractor network of subject matter experts.

Headquartered in Chicago, Illinois, MVP’s insurance and technology specialists cover all areas of insurance including underwriting, policy administration, claims management, client experience, finance, compliance, data warehousing, data, analytics, human resources and information technology. I am managing a project.

By creating partnerships that complement and leverage each client’s existing capabilities, MVPs offer deep expertise that includes transformation roadmaps, program management, quality assurance, data management, analytics and digital transformation and engagement.

Over the last few years, Davies has diversified and deepened its consulting and technology capabilities to more than 1,200 insurance companies and highly regulated clients.

In 2021, the company expanded its international footprint with the acquisition of Sionic.

Additionally, through a combination of organic growth and M&A growth, Davies has established and expanded its operations in the United States. The company currently offers a full range of his TPA and loss adjustment solutions in all 50 states, as well as captive management, audit, actuarial, subrogation, overclaim management, risk and inspection solutions. .

“We are delighted to welcome Russ, Don and the entire MVP team to Davis. It’s a great addition to our consulting platform,” said Dan Saulter, Group CEO of Davies.

“The insurance industry continues to evolve rapidly. New entrants to the market are disrupting traditional operating models, making digital transformation an imperative for insurers who want to remain relevant and competitive. Investment has become essential: MVP’s expertise and commitment to the insurance market, combined with its strong partnership approach, has helped many of our clients harness the power of digital technology to successfully make this evolution. .world.”

“We are very pleased to have MVP join Davies, who have a shared focus on innovation and digital transformation to guide insurers through every stage of complex transformation projects. We look forward to working with the team to develop and enhance highly specialized insurance operations and technology consulting services for our clients.”