Broadstone has appointed Bill Pedersen to its board as non-executive director.
Pedersen spent 35 years at Milliman, an international consulting and actuarial firm specialising in life insurance and financial services, property and casualty insurance, healthcare and employee benefits.
There he served as chief financial officer for 20 years and spent his last five years as the firm’s first chief operating officer (COO) ahead of retiring in 2020.
He was responsible for all financial reporting alongside the review of practice results, partnering with practise leaders and profit centre managers to evaluate and execute on growth strategies. This included expansion outside the US and he was heavily involved in Milliman’s mergers and acquisition strategy including deal evaluation, desk negotiation and post-transaction integration.
Broadstone said the appointment bolstered it expertise in the life and non-life insurance sector as well as the Lloyds and London markets.
It noted it follows the strategic growth investment made in the business by Lovell Minnick Partners at the start of the year to accelerate growth and expansion of capabilities – particularly in its insurance, regulatory and risk advisory unit.
Tony Gusmao, CEO at Broadstone, said: “Bill joins Broadstone at a hugely exciting time in our growth journey and brings a deep understanding of the insurance sector, which is a hugely important area of strategic growth, as we look to scale the business and expand our offering.”
Pedersen added: “Broadstone has a fantastic pedigree delivering expert consultancy services to employers, insurers, lenders and pension scheme trustees.
“I am delighted to join the business as it looks to develop its proposition and establish itself as a leader in the insurance actuarial consultancy market.
“With new capital backing and an increasing need for specialist advice in the sectors we operate in, Broadstone’s differentiated market proposition positions it strongly for growth.”
