Broadstone has agreed to acquire OAC, a UK-based actuarial and financial services consultancy.
Broadstone says the acquisition will see OAC’s expert team further diversify its offering.
OAC will expand Broadstone’s existing consulting and actuarial experience with its focus on assisting life and non-life insurers, as well as clients seeking redress, as well as its data analytics and financial modelling capabilities.
Broadstone CEOTony Gusmao says: “I am delighted to welcome the OAC team and its clients to Broadstone and am looking forward to working with them to further strengthen our leading Consulting & Actuarial offering.
“Broadstone is focused on offering excellent service to our clients and, when opportunities arise, investing in businesses with complementary services that we can help to grow.
“OAC’s relentless focus on high-value consulting and actuarial services make it an ideal addition to Broadstone.”
OAC CEO Darren Richards says: “Combining our 30-year track record of providing high-quality service to the insurance sector with Broadstone’s pensions and benefits expertise is an exciting step for OAC.
“The transaction means we can continue to offer our clients the same level of dedication and sector specialism that made OAC successful while expanding the range of services we offer and building a platform for the future growth of the business.”