Davies today announces the completion of the deal to bring Keoghs in to the group, following regulatory approvals from the SRA. In January Davies announced its move in to the insurance legal services sector, with Keoghs, the insurance-focused, top-50 law firm.
Keoghs is a leading provider of dispute resolution and risk services for the UK insurance industry across: motor, casualty, complex and specialty classes. The firm manages more than £1bn worth of insurer claims and resolves in excess of 100,000 claims per annum. Keoghs operates a defendant-only model, and works in partnership with
leading insurers, MGAs, brokers, corporates and the public sector.
Davies delivers professional services and technology solutions across the risk and insurance value chain, including excellence in claims, underwriting, distribution, regulation, customer experience, human capital, transformation & change management.
The deal supports Davies objective of deepening its capability and domain expertise across its insurance and highly regulated market segments with Keoghs Chief Executive, John Whittle, heading up legal Solutions for Davies and joining the Group Executive Committee. Whittle and the wider Keoghs management team have become shareholders in the enlarged business.
Globally Davies has 3,700 colleagues, with operating centres across the UK, Ireland, Bermuda, the US and Canada. The combined business serves more than 500 insurance, highly regulated and global clients. Dan Saulter, Group Chief Executive of Davies said: “We are thrilled to get this deal over the line. Many of our insurance clients are seeking to work with fewer strategic partners, and to build long term relationships across
a range of services to support their growth and delivery. We must also continue to invest in technology and innovation. In Keoghs we find a team who share our vision and I look forward to working hard to ensure we deliver.”