Broadstone, a leading independent pensions, employee benefits, investment and insurance consultancy, has launched its standalone insurance, regulatory and risk advisory division.
This new division will serve the life and non-life insurance sector, including Lloyds and the London market, in addition to offering redress solutions, credit risk, financial modelling, and data analytics services.
The launch follows the acquisition of OAC in April 2023, which added expertise in serving life and non-life insurers and redress clients, and the recent acquisition of Vestigo Partners, which expanded its credit risk and analytics offerings.
The 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, and 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.”
