Davies Acquires Insurance Risk Services, an Inspection Firm

October 19, 2021

Davies, a professional services and technology company serving the insurance market, announced it has agreed to purchase Insurance Risk Services, a Florida-based firm that provides inspections for underwriting.

Insurance Risk Services, or IRS, is based in Lake Mary, Florida. It specializes in residential and some commercial inspections, telephone audits and drone roof inspections. It has a network of more than 1,000 field inspectors, Davies said in a news release.

IRS will form part of Davies’ global insurance services business, which is led by CEO Steven Crabb. IRS President Dave Valenzano and Chief Operating Officer Seth Bostock will continue to lead the day-to-day operations, and will report to Davies’ U.S. Insurance Services CEO, Rob Dewen. The wider IRS team will continue in their roles within Davies, the company said.

Topics Mergers

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