Deals: Broadstone Acquires ExactVAL

The latest acquisition news from Broadstone for you;

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.”