Longevity analytics firm Club Vita has consolidated its operations in the UK, US and Canada under a sole parent company, Club Vita LLP.
This merger transfers three separate Club Vita businesses from founders Hymans and Eckler to operate as an independent business.
The company uses ZIP codes and other characteristics of the participants of defined benefit pension plans to capture the diversity of life expectancy and help plan sponsors make more informed decisions on funding and risk management.
Club Vita now has over 50 employees and relationships with 400 pension funds, 7 pension advisory businesses and 25 insurers globally.
Jennifer Haid, Group CEO of Club Vita commented: “We’re excited to launch this new chapter as an independent data analytics business, designed to help an increasingly broad range of organisations deliver innovative solutions in managing longevity uncertainty.
“From a statistical perspective, we’ve learned that the inter-country similarities in longevity patterns are more profound than their differences.
“Our big data philosophy is the genesis for an international standard for longevity analytics and efficiently enables a wider range of analysis powered by cross market insights.”
Douglas Anderson, Chief Visionary Officer, added: “I’m reallmergery grateful to both Hymans Robertson and Eckler for their support in our formative years.
“Without their belief in our vision and investment, Club Vita would not have reached today’s milestone.
“I would also like to say a huge thank you to Ian Edelist, who has led Club Vita Canada to become the longevity analytics leader in Canada, but is stepping away now that Club Vita Canada is formalising its independence from Eckler.”
