The dedicated entity will service the life and non-life insurance sector, including Lloyds and the London market in addition to providing solutions and credit risk, data analytics service and financial modelling.
The team is comprised of multiple figures with significant experience in the industry. The launch also follows two recent acquisitions which significantly boosted Broadstone’s capabilities in the sector. In April 2023, Broadstone acquired OAC adding specialisms in serving life and non-life insurers. More recently, the Group acquired Vestigo Partners expanding its credit risk and analytics capabilities.
The Insurance, Regulatory & Risk Advisory division will offer support to various sectors within the insurance industry. For lenders and investors, the division will provide services in credit risk, modelling, and commercial analytics. Life insurers will benefit from the expertise of the actuarial team. Non-life insurers, including Lloyd’s MGA’s will benefit from a range of consulting services.
The new division will sit within Broadstone’s existing Pensions Advisory & Administration and Employee Benefits Consulting verticals.
Tony Gusmao (main image), CEO at Broadstone, commented on the launch, “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.”
