Davies has acquired SCM Insurance Services, enhancing its North American operations and integrating SCM’s expertise into its global platform.

Target Information

Davies has announced its agreement to acquire SCM Insurance Services, recognized as Canada's leading provider of claims processing and risk solutions. This significant acquisition marks Davies' largest strategic venture to date, underscoring the firm’s commitment to enhancing its service offerings in the North American market. The deal entails the integration of SCM's primary businesses—ClaimsPro, IPG, and Pario—into Davies' global platform, which will expand its operational reach to 22 countries and elevate its annual revenues to approximately $1.4 billion.

With this acquisition, more than 1,500 professionals from SCM across Canada and the United States will transition to Davies, enhancing the firm’s capabilities and operational strength in insurance services. This acquisition is expected to bolster Davies’ risk management and claims handling expertise, providing clients with comprehensive end-to-end solutions.

Industry Overview in Canada

The Canadian insurance industry, particularly the claims processing sector, has experienced significant growth and transformation in recent years. As the market continues to evolve, there is a burgeoning demand for innovative risk manag