London-based insurance and claims management company Davies Group Ltd. said on Tuesday that they have acquired Insurance Risk Services Inc.
The terms of the transaction were not disclosed.
The Lake Mary, Florida-based IRS specializes in residential and light commercial inspections, self-checks, telephone audits and drone inspections, Davies said in a statement. The IRS national network of more than 1,000 field inspectors will be part of Davies' global insurance service business, led by CEO Steven Crabb.
IRS President Dave Valenzano and Chief Operating Officer Seth Bostock will continue to lead the day-to-day operations, reports to Davies US Insurance Services CEO Rob Dewen and IRS employees will continue in their roles within Davies.
Dan Saulter, CEO of Davies, said in the statement that the IRS conducted nearly 1