Norton Rose Fulbright represented IAS Claims Services on the deal.
IAS Claims Services (“IAS”), a US property claims firm, has been acquired by Davies, a London-based specialist professional services and technology business serving insurance and highly-regulated markets.
Based in San Antonio, IAS specializes in daily property, commercial, catastrophe and large loss claims with a nationwide network of independent adjusters, serving all 50 states. IAS provides a range of tech-enabled claims solutions, including desk adjusting, field adjusting and third party administration services to the insurance market.
Davies has 4,500 professionals operating globally in the US, UK, Ireland, Canada and Bermuda. Davies’ US offering includes a full range of TPA and loss adjusting solutions across all 50 states, as well as captive management, auditing, and actuarial solutions.
Norton Rose Fulbright’s corporate, securities and M&A team was led by Daryl Lansdale (Picture – San Antonio and Austin) and included Bryan Wittman (San Antonio) and David Hagen (Dallas). Additional legal support was provided by Alex Clark (Dallas) for benefits, Steve Kuntz (Houston) for tax, and Sue Ross (New York) and Darren Smith (Houston) for IP.
Involved fees earner: Alexander Clark – Norton Rose Fulbright; David Hagen – Norton Rose Fulbright; Steve Kuntz – Norton Rose Fulbright; Daryl Lansdale – Norton Rose Fulbright; Susan Ross – Norton Rose Fulbright; Darren Smith – Norton Rose Fulbright; Bryan Wittman – Norton Rose Fulbright;
Law Firms: Norton Rose Fulbright;
Clients: IAS Claims Services;