- Specialist vertical seeks to grow Broadstone’s presence across the life and non-life insurance sector as well as the credit risk market
- Follows recent acquisitions of actuarial and credit risk consultancies, OAC and Vestigo Partners respectively
Broadstone, a leading independent pensions, employee benefits, investment and insurance consultancy, has launched its standalone Insurance, Regulatory & Risk Advisory division.
This dedicated proposition will service the life and non-life insurance sector including Lloyds and London market, in addition to redress solutions and credit risk, financial modelling and data analytics services.
The seasoned team of subject matter experts comprises experienced actuaries, financial modellers, credit and data analysts and redress specialists. The launch of Insurance, Regulatory and Risk Advisory follows two recent transactions which significantly expanded Broadstone’s capabilities in this sector.
The acquisition of OAC in April 2023 added specialisms in serving life and non-life insurers and redress clients while the recent acquisition of Vestigo Partners deepened its credit risk and analytics offering.
The Insurance, Regulatory & Risk Advisory division will support:
- Lenders and investors with credit risk, modelling and commercial analytics services
- Life insurers, where our expert team of actuaries provide a wide range of actuarial and risk management consultancy services – from full outsourcing of the actuarial function to advisory and support arrangements.
- Non-life insurers (including Lloyds Managing Agents & London market insurers) with professional and technical support from regulatory capital, reserving and pricing to providing Chief Actuary roles;
- Insurance firms and advisors with actuarial and redress calculations to ensure regulatory compliance.
The new division will sit alongside Broadstone’s existing Pensions Advisory & Administration and Employee Benefits Consulting verticals.
Tony Gusmao, Chief Executive of Broadstone, commented: “We see the insurance and risk markets as an exciting opportunity for Broadstone to diversify its offering in complementary markets which require the same skill sets . Through the acquisitions of OAC and Vestigo we have set out our strategy to add specialism, expertise and experience to our capabilities in this space, and position the platform for further organic and acquisitive growth.”
