Davies snaps up Florida actuarial agency

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Specialized professional services and technology firm Davies announced the acquisition of Wakely Actuarial, a Florida-based actuarial consultancy. Wakely provides a suite of compliance, risk management and actuarial advisory services for the US food and healthcare markets.

The acquisition brings Davies new actuarial expertise. As part of the deal, Wakely will be renamed and traded as Davies early next year, a new actuarial unit in the company’s global insurance services business. Ben Cohen, President of Wakely, will continue to lead the business, reporting to Robert Dewen, Insurer and General Manager, Market Services.

Continue reading: The Davies Group is driving expansion in North America through acquisitions

“I am very excited to be working with Davies and helping drive the North American growth strategy,” said Cohen. “The deal offers our team great opportunities for personal and career development. We look forward to working with the broader Davies Group for the benefit of our valued customers.”

“We are excited to see Ben and the entire Wakely team in Davies,” said Dan Saulter, Group CEO of Davies. “The business is a great fit for us, brings a wealth of experience in the US insurance market, and adds new expertise in actuarial solutions to our group. The deepening and diversification of our service offering is a central component of our growth plans. We look forward to offering our customers a wider range of insurance services after this deal. “

Davies employs more than 4,000 people worldwide and has operations centers in the US, Canada, UK, Ireland and Bermuda.

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