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December 14, 2021

Davies bolsters global insurance services capabilities via Merlinos deal

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

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2022: So far In Venture Capital

Global investment in 2022 has been majorly dominated by North America, Europe, and Asia Pacific, whereas the Middle East, and South and Central America have recorded low investments comparatively. In light of this, Europe and North America have been identified as the major destinations for Private Equity and Venture Capital (PE/VC) investments.   GlobalData’s whitepaper analyzes which sectors PE/VC firms have been investing in, looking at Technology, Media, and Telecom, with these sectors recording $356 billion and a deal volume of over 10,000 deals in 2022. Healthcare, Financial Services, Business & Consumer Services, and Construction sectors have also seen high investment activity by PE/VC firms, recording a deal value of over $70 billion each.   But what can this mean for you?   Understand how the Deals Database on GlobalData Explorer can be leveraged to:  
  • Track the Aggregate Investment Volumes in PE/VC-Stage firms across geographies and sectors, in addition to viewing the specific deals that drove these volumes
  • Identify the top investors already active in any sector-Geography combinations
  • Assess the Performance of Financial and Legal Advisors, supporting the Dealmaking in any segment of choice (Customizable League tables)
  • Understand what is driving the PE/VC fundraising (Deal Rationale)
  Consult our full report here and optimize your business strategy.
by GlobalData
Enter your details here to receive your free Report.

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.

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.

Free Report
img

2022: So far In Venture Capital

Global investment in 2022 has been majorly dominated by North America, Europe, and Asia Pacific, whereas the Middle East, and South and Central America have recorded low investments comparatively. In light of this, Europe and North America have been identified as the major destinations for Private Equity and Venture Capital (PE/VC) investments.   GlobalData’s whitepaper analyzes which sectors PE/VC firms have been investing in, looking at Technology, Media, and Telecom, with these sectors recording $356 billion and a deal volume of over 10,000 deals in 2022. Healthcare, Financial Services, Business & Consumer Services, and Construction sectors have also seen high investment activity by PE/VC firms, recording a deal value of over $70 billion each.   But what can this mean for you?   Understand how the Deals Database on GlobalData Explorer can be leveraged to:  
  • Track the Aggregate Investment Volumes in PE/VC-Stage firms across geographies and sectors, in addition to viewing the specific deals that drove these volumes
  • Identify the top investors already active in any sector-Geography combinations
  • Assess the Performance of Financial and Legal Advisors, supporting the Dealmaking in any segment of choice (Customizable League tables)
  • Understand what is driving the PE/VC fundraising (Deal Rationale)
  Consult our full report here and optimize your business strategy.
by GlobalData
Enter your details here to receive your free Report.

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