UK-based specialist professional services and technology business Davies has signed an agreement to acquire Merlinos & Associates (Merlinos).

Merlinos is a US-based insurance-focused actuarial consulting business.

It offers compliance, risk management, and wider actuarial consulting solutions to the property & casualty and life & health insurance markets in the US.

The financial value of the deal, which expands Davies’ insurance services offering globally, was not disclosed.

Davies Group CEO Dan Saulter said: “The expansion of our operations across North America with additional and new high-value services capability continues to be an important strategy for Davies. The addition of Merlinos significantly enhances our existing actuarial services capability and will accelerate growth in this high-value service space.”

Upon completion, Merlinos will join Davies’ global insurance services business led by CEO Steven Crabb.

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Davies will retain all of Merlinos’ employees, who will continue in their roles within Davies.

Merlinos president Paul Merlino said: “We are delighted to be joining forces with Davies and to contribute to the success of its growth strategy in North America. We look forward to working with the wider Davies team to continue our client-centric focus and offer expanded insurance services and related state of the art technology investments from the broader Davies group.”

In September this year, Davies signed a deal to acquire Asta, which provides insurance management solutions to Lloyd’s Syndicates.

A month later, Davies brokered a deal to acquire IRS to expand its underwriting capabilities in North America.