Broadstone, the independent pensions, employee benefits, investment and insurance consultancy, has launched its standalone Insurance, Regulatory & Risk Advisory division.
According to the announcement, this proposition will service the life and non-life insurance sector including Lloyds and the London market, in addition to redress solutions and credit risk, financial modelling and data analytics services.
The division comprises of experienced actuaries, financial modellers, credit and data analysts and redress specialists.
It should be noted, that the launch of this division follows on from two recent transactions which expanded Broadstone’s capabilities across this sector.
The company’s acquisition of OAC in April 2023 reportedly added specialisms in serving life and non-life insurers and redress clients.
As well as this, Broadstone’s recent acquisition of Vestigo Partners deepened the firm’s credit risk and analytics offering.
Broadstone’s new division will support life insurers with actuarial and risk management consultancy services, non-life insurers with regulatory capital, reserving, pricing, and Chief Actuary roles, lenders and investors with credit risk, modelling, and commercial analytics services, as well as insurance firms and advisors with actuarial and redress calculations to ensure regulatory compliance.
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.”
