Independent pensions, employee benefits, investment, and insurance consultancy firm Broadstone has launched its standalone insurance, regulatory & risk advisory division.
This new division will serve the life and non-life insurance sectors, including Lloyd’s and the London market, and will also offer redress solutions, credit risk, financial modelling, and data analytics services.
The team comprises experienced actuaries, financial modellers, credit and data analysts, and redress specialists. The launch follows two recent transactions that significantly expanded Broadstone’s capabilities in this sector.
In April 2023, Broadstone acquired OAC, adding expertise in serving life and non-life insurers and redress clients. The subsequent acquisition of Vestigo Partners also deepened Broadstone’s credit risk and analytics offerings.
The insurance, regulatory & risk advisory division will support lenders and investors with credit risk, modelling, and commercial analytics services. For life insurers, it will provide a wide range of actuarial and risk management consultancy services, including full outsourcing of the actuarial function and advisory support arrangements.
Non-life insurers, including Lloyd’s Managing Agents and London market insurers, will benefit from regulatory capital, reserving, and pricing support, as well as chief actuary roles. Additionally, insurance firms and advisors will receive actuarial and redress calculations to ensure regulatory compliance.
The new division is set to operate alongside Broadstone’s existing pensions advisory & administration and employee benefits consulting verticals.
Tony Gusmao, chief executive of Broadstone, highlighted the expansion as an exciting opportunity for the firm to broaden its offerings within the segment.
“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,” Gusmao said.
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