Davies Group to acquire SCM.

Davies Group, a provider of management services, agreed to acquire SCM, an insurance company. Financial terms are not disclosed. “We are thrilled to have gotten this deal signed, bringing the SCM team into Davies. The business is very highly regarded in Canada, and as market leader, this puts us in the #1 spot in this growing and vibrant market. The deal will allow us to unlock significant growth opportunities, on both sides of the ledger; with SCM clients benefiting from our global reach and wider service offering; and with Davies clients being able to access the best claims and risk solutions teams in Canada. I look forward to working with CEO, Bob Fitzgerald, and the whole team,” Dan Saulter, Davies Group Chief Executive Officer.