MVP will join Davies’ consulting team under the leadership of senior consulting and technology manager Mark Grocott. MVP Advisory Group managing partners Russ Bostick and Donn Vucovich will continue to lead the business within Davies, working closely with the existing contract network. All MVP Advisory Group employees will continue in their roles within Davies.
Davies strengthens its international consulting and technology capabilities by acquiring US-based insurance consulting firm, MVP Advisory Group https://t.co/BdzW8vQ8n8 https://t.co/VxvK2lQbQJ pic.twitter.com/X2ar0QNqbZ
— MVP Advisory Group (@MVPAdvisoryGrp) January 30, 2023
The acquisition aligns well with Davies’ latest strategy, which has focused on diversifying and deepening its consulting and technology capabilities to deliver a personalized experience. of customers, process equipment, and modern cultural standards for its foundation of more than 1,200 insurance and regulated markets. In 2021, Davies supported its banks and insurers with more international technological and digital transformation, compliance, and risk management through discovery of Sionic.
With the acquisition of MVP Advisory Group, Davies now offers a full range of TPA and settlement solutions in all 50 US states, as well as captive management, audit, actuarial, subrogation, and more. claims, and risk and inspection solutions.
“I’m excited to welcome Russ, Donn, and the entire MVP team to Davies,” Davies Group CEO Dan Saulter said of the deal. “Bringing a wealth of knowledge and talent to the delivery of advisory services and policy changes for the exclusive insurance market, the business is a great addition to our expanding advisory base.”
Saulter noted that the insurance situation continues to improve rapidly. “With new market entrants disrupting traditional business models, it has become imperative for insurers who want to stay relevant and competitive to invest in digital transformation,” he said.
“MVP’s expertise and commitment to the insurance market, along with its strong partnerships, have helped many customers successfully navigate this evolution by harnessing the power of digital technology, and I’m excited to now be able to offer this talent to our growing global base.”
Sherman & Company advised MVP in the transaction.