Broadstone has launched a standalone insurance, regulatory and risk advisory division.
The division will service the life and non-life insurance sector including Lloyds and London market, in addition to redress solutions and credit risk, financial modelling and data analytics services.
The launch of the insurance, regulatory and risk advisory arm follows the acquisition of OAC in April 2023 which added specialisms in serving life and non-life insurers and redress clients and the recent acquisition of Vestigo Partners which deepened its credit risk and analytics offering.
The offering will support life insurers, where Broadstone’s team of actuaries will provide a wide range of actuarial and risk management consultancy services – from full outsourcing of the actuarial function to advisory and support arrangements.
It will also support non-life insurers (including Lloyds Managing Agents & London market insurers) with professional and technical support from regulatory capital, reserving and pricing to providing chief actuary roles.
And it will support 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, CEO of Broadstone, (pictured) said: “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.”
