Davies has acquired insurance law firm, Keoghs, for an undisclosed amount. The Bolton-headquartered firm will form a new legal solutions arm within Davies.

Keoghs provides dispute resolution and risk services across motor, casualty, complex and specialty classes. The firm manages around £1bn worth of claims.

Group chief executive of Davies, Dan Saulter said: “Keoghs and Davies were both founded in 1968 and have proudly served the insurance market and our clients for more than 50 years.

“To compete and win in an increasingly integrated global insurance market, it is essential that we can offer our clients valuable solutions right across the insurance, claims and risk value chain,” he added. “The addition of Keoghs to our growing Davies platform provides an exciting opportunity for us to take a new message to our clients, and to provide new opportunities for our teams across the world.”

As part of the deal – expected to close during Q1 2020 – Keoghs chief executive, John Whittle, will continue to lead the business and will join Davies’ group executive committee. The wider Keoghs management team will also join and become shareholders in the enlarged business.

Whittle said: “The insurance market is undergoing exciting change with the wide scale adoption of technology offering new innovative opportunities to provide services to the market on an industrial scale.

“The Keoghs strategy has always been to place our business, our clients and our people at the heart of this change,” he added. “The opportunity to join forces with Davies was too good an opportunity to miss to deliver on this.”

Davies reported strong financial results in November, with 49% revenue growth. The firm acquired Ireland-based Thornton Group earlier that month.

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