Davies to acquire four third-party administrator businesses from Brown & Brown.

Davies, a privately held insurance, claims and consulting services company, agreed to acquire four third-party administrator businesses from Brown & Brown, an insurance brokerage firm. Financial terms were not disclosed. “We are thrilled to sign this deal with Brown & Brown and are excited about the 600 incredibly talented colleagues that will be joining the Davies Group. This transaction enables us to invest and grow ACM, PGCS, USIS and ICA while building a strategic relationship with Brown & Brown to support their business with claims and more comprehensive solutions as they continue to grow their business,” Dan Saulter, Davies group CEO.