Davies Group buys actuarial consulting business
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London-based insurance and claims management company Davies Group Ltd. said Monday it has signed a purchase agreement to acquire Georgia-based insurance actuarial consulting business Merlinos & Associates Inc.
Terms of the transaction were not disclosed.
Merlinos will become part of Davies’ global insurance services business led by CEO Steven Crabb, and all 50 Merlinos employees will remain in their roles within Davies. Merlinos’ management will lead day-to-day operations and report to Davies’ Insurance Services U.S. CEO Robert Dewen.
Merlinos provides compliance, risk management and actuarial consulting solutions to the property/casualty and life and health insurance markets in the U.S., the statement said Monday.
The move is the second recent U.S. acquisition for Davies, which bought Lake Mary, Florida-based Insurance Risk Services Inc. in October.
