- ExactVAL provides life insurers with actuarial valuations and cashflow analysis of defined benefit pension schemes
- Acquisition deepens Broadstone’s offering to life insurers in the competitive bulk purchase annuity market
Broadstone, a leading, independent, UK financial services consultancy delivering expert advice to insurers, pension scheme trustees, employers and lenders, today announced the acquisition of ExactVAL.
ExactVAL supports many of the most active life insurers with their outsourced actuarial valuation and cashflow analysis services, which facilitates transactions in the highly competitive bulk purchase annuity (BPA) market.
The services offered by ExactVAL help life insurers conduct complex and onerous calculations with greater efficiency, expertise and speed. This is critical to enabling them to capitalise on a BPA market which is seeing strong demand as pension schemes seek to de-risk, following significant funding improvements.
ExactVAL will join Broadstone’s Insurance, Regulatory and Risk Advisory division, bolstering its expertise in the life insurance market. The division – which also provides services in the non-life insurance market including the Lloyds and London markets – is a strategically important focus of Broadstone’s growth.
Tony Gusmao, CEO of Broadstone, said: “The ExactVAL team bring high-quality, specialist expertise to Broadstone, bolstering our proposition to the life insurance market, at this time of unprecedented demand for de-risking solutions.”
Bill Harris, Managing Director of ExactVAL, commented: “Broadstone’s growth ambitions and high-quality offering in the insurance sector make this an exciting opportunity for ExactVAL to increase our capacity and take our services to a wider market. Leveraging our shared expertise and values, we can help life insurers price more accurately and efficiently, and increase their ability to perform more transactions, at a time when the market is seeing unprecedented demand for pension scheme de-risking.”
ENDS
Media contacts – Temple Bar Advisory
Alex Child-Villiers / Sam Livingstone / Alistair de Kare-Silver / Juliette Packard
broadstone@templebaradvisory.com / 020 7183 1190
About the Broadstone Group
Broadstone is a leading, independent, UK consultancy delivering expert advice to employers, insurers, lenders and pension scheme trustees.
For over 40 years, Broadstone has been providing its clients with a wide range of specialist services including employee benefits consulting, pensions administration and actuarial services, investment consulting, insurance consulting across life, non-life and the Lloyds and London markets, credit risk services and a range of financial modelling and data analytics services. Broadstone is also a recognised leader in redress calculation services.
Broadstone’s team of over 650 expert consultants and administrators, including more than 85 actuaries across ten UK offices, empowers its clients to navigate complexity and change confidently with clarity, leadership and purpose, all delivered on a platform of exceptional service.
