London, UK (Nov. 10, 2025) \u2013 Davies, the leading specialist professional services and technology company serving insurance and highly regulated markets, headquartered in the United Kingdom, is pleased to announce it has signed an agreement to acquire SCM Insurance Services, Canada\u2019s largest claims processing and risk solutions provider.<\/p>\n
The deal will see SCM\u2019s three operating businesses; ClaimsPro, Canada\u2019s leading claims adjusting firm; IPG, its third-party claims administrator; and Pario, its forensic engineering and consulting business and post-loss appraisal, all join the Davies global platform. Following the deal, Davies will have annual revenues of c.$1.4bn, with a combined team of 9,500 colleagues operating in 22 countries across Europe, North America, South America, Asia, and Australasia.<\/p>\n
The deal represents Davies\u2019 largest strategic M&A addition to date and will allow the fast-growing tech-enabled firm to provide a full nationwide service across Canada, in addition to adding SCM\u2019s U.S. operations to Davies\u2019 existing U.S. footprint. SCM\u2019s 1,500+ strong team of professionals across Canada and the U.S. will join Davies as part of the deal.<\/p>\n
The addition of ClaimsPro, IPG, and Pario will strengthen Davies\u2019 existing risk management, TPA and end-to-end claims solutions offering across North America, adding specialized services for insurers, brokers, MGAs, Lloyd\u2019s Syndicates, corporates, the public sector and captive owners.<\/p>\n
As part of the acquisition, SCM\u2019s existing institutional shareholders, Warburg Pincus and TorQuest Partners, will reinvest part of their proceeds and become minority shareholders in Davies, alongside Davies\u2019 existing institutional shareholders: BC Partners, AIMCo, and HGGC. BC Partners took a majority stake in Davies in August 2021, with the business tripling annual revenues under BC\u2019s ownership.<\/p>\n
Dan Saulter, Group Chief Executive Officer, Davies said: \u201cWe are thrilled to have gotten this deal signed, bringing the SCM team into Davies. The business is very highly regarded in Canada, and as market leader, this puts us in the #1 spot in this growing and vibrant market. The deal will allow us to unlock significant growth opportunities, on both sides of the ledger; with SCM clients benefiting from our global reach and wider service offering; and with Davies clients being able to access the best claims and risk solutions teams in Canada. I look forward to working with CEO, Bob Fitzgerald, and the whole team.\u201d<\/p>\n
Bob Fitzgerald, Chief Executive Officer, SCM Insurance Services said: \u201cThis is a fantastic opportunity for all the SCM Insurance Services brands. Our clients will now have access to Davies\u2019 global solutions, immediately elevating our technology, AI and platform offering. I am very much looking forward to working with Dan at this exciting time.\u201d<\/p>\n
Earlier this year, Davies announced that it is significantly increasing its multi-million-dollar investment into technology and AI, integrating agentic AI features and upgrading its ClaimPilot product suite to benefit its 2,000+ insurance clients around the globe. Technology and AI investment is one of four pillars in the firm\u2019s \u201cVision 2030\u201d strategy that also sees Davies focus on; Organic growth & cross-selling; Geographic & solution expansion; and Operational excellence at the firm. The fast-growing tech-enabled services provider is aiming for $3.5bn+ in annual revenues by 2030.<\/p>\n
SCM Insurance Services has been servicing the insurance and risk management community since 1986. As a privately owned provider of claims adjusting, third-party adjusting (TPA), risk management, investigative, surveillance, risk mitigation, forensic engineering services, forensic accounting services, and risk intelligence, SCM has distinguished itself through innovative technology, expert staff, and solid customer service. With branch locations and employees throughout Canada and the United States, the SCM Insurance Services Group of Companies includes ClaimsPro, International Programs Group (IPG), Xpera Risk Mitigation & Investigation, Pario Engineering & Environmental Sciences, ParioQuantify, and Pario Forensic Accounting Services. For more information, visit www.scminsuranceservices.com<\/a>.<\/p>\n Davies delivers specialist professional services and technology solutions across the risk and insurance value chain, including excellence in claims, underwriting, distribution, regulation & risk, forensic accounting, customer experience, human capital, digital transformation & change management. In February 2023 Davies announced it had simplified its operations and aligned the business across three operating units: Davies Global Solutions, Davies UK & Ireland, and Davies U.S. Davies has a 9,500 strong team of professionals operating across 20+ countries, including the UK & the U.S., with headquarters in the City of London. Davies\u2019 investors are BC Partners, HGGC, AIMCo (acting on behalf of certain of its clients), and Davies\u2019 employees following BC Partners majority investment in March 2021, HGGC\u2019s investment in January 2017 and AIMCo\u2019s investment in January 2019. Over the past ten years Davies has grown its annual revenues more than 25-fold, invested heavily in research & development, innovation & artificial intelligence (\u201cAI\u201d), platform integration & underlying business systems, colleague development, and client service. Today the group serves more than 2,000 insurance, financial services, public sector, and other highly regulated clients. In the past year Davies has added more than 200 new accounts to its organic platform. In addition, Davies has successfully broadened and deepened its operations and digital capabilities via targeted acquisitions. Since the start of 2017 Davies has acquired: Cynergie, CMSL, Ambant, ServiceTick, TLSS, R&Q\u2019s insurance services business, Ember, Direct Group\u2019s claims businesses, Veriphy, USA Risk Group, TMS, GBB, Banwells, Frontier, FWD, ASC, Thornton Group, Keoghs, Codebase8, Citadel & Cedar Consulting, ContactParners, TriPlus, Johnson Claim Service, Vehicle Replacement Group, BMTS, Wakely Actuarial, Northshore International Insurance Services, DMS, NPA, Littleton, Grovelands, IAS, Asta, IRS, Sionic, Merlinos, BVS, Worksmart, ProAdjust, Johns Eastern, ClaimPilot, MVP Group, Afirm, Ortac Underwriting Agency\u2019s (\u201cOrtac\u201d) insurance management services portfolio, American Claims Management, Preferred Governmental Claims Services, USIS, ICA, MDD, Shoreside Law, Minuteman Adjusters, Bespoke Training Solutions, Budget Claims Services Inc., (dba Barker Claim Services), Premier Claims Management and SCM Insurance Services. For more information, visit davies-group.com<\/a>.<\/p>\n BC Partners is a leading investment firm with circa \u20ac40 billion in assets under management across private equity, private debt, and real estate strategies. Established in 1986, BC Partners has played an active role for nearly four decades in developing the European buyout market. Today BC Partners\u2019 integrated transatlantic investment teams work from offices in Europe and North America and are aligned across our four core sectors: TMT, Healthcare, Services & Industrials, and Food. Since its foundation, BC Partners has completed over 130 private equity investments and is currently investing its eleventh private equity buyout fund. For more information, visit www.bcpartners.com<\/u>.<\/p>\n HGGC is a leading middle-market private equity firm with $4.3 billion in cumulative capital commitments. Based in Palo Alto, Calif., HGGC is distinguished by its Advantaged Investing approach that enables the firm to source and acquire scalable businesses through partnerships with management teams, founders and sponsors who reinvest alongside HGGC, creating a strong alignment of interests. Over its history, HGGC has completed more than 130 platform investments, add-on acquisitions, recapitalizations and liquidity events with an aggregate transaction value of nearly $22 billion. For more information, visit www.hggc.com<\/u>.<\/p>\n AIMCo is one of Canada\u2019s largest and most diversified institutional investment managers with more than C$179.6 billion of assets under management as at December 31, 2024. AIMCo invests globally on behalf of pension, endowment, insurance, and government funds in the Province of Alberta. With offices in Edmonton, Calgary, Toronto, London, and Luxembourg, our more than 200 investment professionals bring deep expertise in a range of sectors, geographies, and industries. For more information, visit www.aimco.ca<\/u>.<\/p>\n Warburg Pincus LLC is the pioneer of global growth investing. A private partnership since 1966, the firm has the flexibility and experience to focus on helping investors and management teams achieve enduring success across market cycles. Today, the firm has more than $85 billion in assets under management, and more than 215 companies in their active portfolio, diversified across stages, sectors, and geographies. Warburg Pincus has invested in more than 1,000 companies across its private equity, real estate, and capital solutions strategies. The firm is headquartered in New York with offices in Amsterdam, Beijing, Berlin, Hong Kong, Houston, London, Luxembourg, Mumbai, Mauritius, San Francisco, S\u00e3o Paulo, Shanghai, and Singapore. For more information, visit www.warburgpincus.com<\/u>.<\/p>\n Founded in 2002, TorQuest Partners is a Canadian-based manager of private equity funds. With more than C$5.0 billion of equity capital under management, TorQuest is currently investing from TorQuest Partners Fund VI, a C$2.3 billion fund that held its final closing in December 2023. TorQuest invests in middle market companies and works in close partnership with management to build value. For more information, visit www.torquest.com<\/u>.<\/p>\n Source: SCM Insurance Services<\/i><\/p>\n Tags: Acquisition<\/a>, claims<\/a>, SCM Insurance Services<\/a>, United Kingdom (UK)<\/a> <\/p>\n","protected":false},"excerpt":{"rendered":" Davies inks deal to acquire Canada\u2019s largest claims processing & risk solutions business, SCM Insurance Services, in its biggest strategic M&A to date London, UK (Nov. 10, 2025) \u2013 Davies, the leading specialist professional...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[1],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/24414"}],"collection":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/comments?post=24414"}],"version-history":[{"count":0,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/24414\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/media?parent=24414"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/categories?post=24414"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/tags?post=24414"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}About Davies<\/b><\/h4>\n
About BC Partners<\/b><\/h4>\n
About HGGC<\/b><\/h4>\n
About Alberta Investment Management Corporation (AIMCo)<\/strong><\/b><\/h4>\n
About Warburg Pincus<\/b><\/h4>\n
About TorQuest Partner<\/b><\/h4>\n