UK-headquartered group Davies is acquiring the trade and assets of Michigan-based third-party administrator Minuteman Adjusters.
Located in Farmington Hills, Minuteman specializes in commercial and personal lines desk adjusting, primarily serving London Market clients. The company also has a particular focus on Michigan, Louisiana, Texas, and Southern California.
As part of the acquisition, Minuteman’s team, led by claims director Shannon Malbrough, will integrate with Davies’ North American claims solutions division, overseen by chief executive Don Lederer.
The acquisition comes on the heels of Davies’ strategic growth in North America, which now represents half of the company’s global revenue. In July, Davies restructured its North America operations under CEO Matt Button, which saw Dhara Patel, a recent addition through the acquisition of four businesses from Brown & Brown in November 2023, promoted to president and deputy CEO.
Lederer also took on an expanded role, now leading the newly consolidated claims solutions and specialty programs division.
Malbrough expressed excitement about the acquisition, stating: “Joining Davies will allow our clients to have access to the firm’s technology portfolio and global capabilities across the entire insurance life cycle. The team is very much looking forward to working with Don, Dhara, Matt, and the rest of the team to continue to deliver an excellent service to clients.”
Davies group CEO Dan Saulter (pictured) has this to say about the transaction, financial terms of which were not disclosed: “The team’s expertise will drive additional value for our London Market clients based in the US, as we remain committed to strengthening our claims solutions in North America and globally.”
The wider business currently operates in 10 countries, employing over 8,500 staff and serving more than 1,700 clients. Its offerings span the entire insurance value chain, including claims, underwriting, distribution, regulation, forensic accounting, and digital transformation.
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