UK-based Davies Group has agreed to acquire TopMark Claims Management (TMS), a Glasgow-based firm that specialises in property and casualty public sector claims, for an undisclosed sum.
The acquired entity serves a portfolio of clients including local and central government organisations in the UK.
TMS will add specialist capability to Davies Public Sector within the Davies Claims Solutions business.
The acquired entity will continue to be headed by its managing director Stephanie Staubach. She will report to Lesley Johnson, managing director of Davies Casualty.
Davies Group CEO Dan Saulter said: “I am pleased to welcome Stephanie and the team to Davies. The team have a great reputation and bring a wealth of specialist skills, knowledge and technical expertise to our growing business.
“We look forward to working together to continue to deliver for our clients, alongside new investment to help Stephanie and her team to grow TMS.”
Staubach said: “We’re delighted to be joining Davies and to be a part of its exciting growth plans. In addition, it will offer our staff great opportunities for personal development and career progression.
“I would also like to take the opportunity to thank our clients for putting their trust in us over the last 12 years.”
In October 2018, Davies acquired Direct Group’s claims businesses as well as Veriphy.
With the acquisition of TopMark Claims Management, Davies employs more than 1,700 staff across its core operations, digital solutions and consulting operations.