Pinnacle Actuarial Resources, Inc. has announced the acquisition of Bermuda-based Ordinance Holdings Limited and the renewal rights for clients of Canadian firm Grape Bay Actuarial Consulting Inc. (Grape Bay), effective June 30, 2026.
Ordinance provides actuarial consulting services to insurance, reinsurance, captive insurance and segregated accounts companies from its offices in Hamilton, Bermuda.
Grape Bay offers similar consulting services to Canadian insurers, reinsurers and captive insurance companies, professional associations and other businesses.
According to the announcement, Julie Perron, the president of Ordinance and Grape Bay, will remain based in Canada and work with Pinnacle as an independent contractor to serve former clients.
Moving forward, Grape Bay clients will become part of Pinnacle’s subsidiary, Pinnacle Actuarial Resources of Canada.
“Pinnacle is pleased to announce this key strategic acquisition, and we look forward to working with Julie,” Managing Principal Roosevelt Mosley said. “This acquisition of Ordinance and clients of Grape Bay will increase Pinnacle’s international presence and enhance the services we provide our clients in Bermuda and Canada. It will also expand and deepen the expertise, market knowledge, capabilities and scale of service for clients of Ordinance and Grape Bay.”
Perron has more than 25 years of experience as an actuary, with extensive expertise in captive insurance, loss reserving, pricing and structuring of reinsurance programs.
“Julie will bring a wealth of international knowledge and experience to our firm. We’re looking forward to bringing her expertise, knowledge and skills to bear on behalf of our clients in all markets we serve,” Mosley said.
Pinnacle already has a strong Bermuda presence as a top actuarial advisor to local captive insurers. To align its regional strategy, the firm also recently established Pinnacle Actuarial Resources of Canada.
“The global property and casualty insurance industry continues to grow, and this acquisition will strengthen Pinnacle’s position for captive insurance, traditional insurance and reinsurance in two key regions,” Pinnacle Principal and Consulting Actuary Robert Walling said.
Adding: “It is an exciting acquisition that increases our firm’s international footprint and positions Pinnacle to continue to deliver best-in-class consulting services and actuarial expertise throughout Bermuda and Canada,” Walling, a leader for Pinnacle in the Bermuda market, said.
