"We see the insurance & risk markets as an exciting opportunity for Broadstone to diversify its offering in complementary markets which require the same skill sets."
- Tony Gusmao, CEO of Broadstone
Broadstone’s latest proposition will serve the Life and Non-Life sector, including Lloyds & London market, as well as redress solutions and credit risk, financial modelling, and data analytics services. Expertise includes actuaries, financial modellers, credit & data analysts, and redress specialists.
This division follows two recent transactions which significantly expanded Broadstone’s capacities. In April 2023, Broadstone acquired OAC which added specialisms in serving Life and Non-Life insurers and redress customers, while the recent acquisition of Vestigo Partners has deepened its credit risk and analytics offering.
Broadstone’s new Insurance, Regulatory & Risk Advisory division will support lenders and investors with credit risk, modelling and commercial analytics services; Life insurers with outsourcing of the actuarial function to advisory & support arrangements; Non-Life insurers with technical support for regulatory capital, reserving & pricing, and providing Chief Actuary roles; Insurance firms with actuarial and redress calculations to ensure regulatory compliance.
This new division will sit alongside Broadstone’s existing Pensions Advisory & Administration and Employee Benefits Consulting verticals.
“We see the insurance & 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,” said Tony Gusmao, CEO of Broadstone.
