Howden will acquire the insurance and financial services consulting team from Hymans Robertson for an undisclosed sum.
This transaction will see Howden launch its own insurance, actuarial and longevity business, known as Howden IAL.
This will be run by this specialist team of 30 from Hymans Robertson, alongside actuarial and longevity experts from Barnett Waddingham, which Howden acquired last year. In total the new division will have around 90 specialist consultants, increasing Howden’s capacity to support insurers across the full spectrum of actuarial and longevity needs.
Hymans Robertson confirmed that this transaction will have no impact on its pensions business, including its risk transfer, DC consulting, actuarial and TPA divisions, or its wider retail wealth businesses including its Club Vita division.
Howden has been expanding significantly in recent years. As well as the BW acquisition in 2025, it also bought the employee benefits consultancy division of Evelyn Partners at the end of last year.
Howden says this new unit combines will offer insurers support on pricing, capital allocation, reserving, risk and investment strategy, model validation, ALM and the management of longevity risk. It adds that the team’s experience will enable insurers to navigate increasingly complex regulatory, capital and market environments with more confidence and stronger specialist support.
It adds that the formation of Howden IAL expands the range of markets and clients served across its global platform. It says this supports the group’s ambition to build a market‑leading insurance advisory capability with international reach.
Howden CEO and global practice leader, health & employee benefits Glenn Thomas says: “By bringing together BW’s longstanding insurance actuarial capability with the Hymans Robertson IFS team’s proven expertise in delivering strategically critical projects, we are creating a best‑in‑class advisory proposition for clients.
“This move is not just about capability; it is also about people. By uniting two high‑quality teams, we are investing in their long‑term development and strengthening our ability to support clients with deeper insight and a more distinctive proposition.”
Jon Hatchett, senior partner, Hymans Robertson adds:“We are confident that the newly formed team’s combined skills and Howden’s global reach will deliver a broader service offering for insurance clients.
“At Hymans Robertson, as an independent partnership, and Club Vita, we’ll continue to focus on our long-term plans across the pensions, risk transfer, investment and retail wealth markets, where we see great opportunities for innovation with our clients.”
Scott Eason, managing partner, Howden Insurance Actuarial & Longevity says: “By uniting two outstanding teams, we are creating an advisory capability with the breadth and depth to support every critical client need across the insurance landscape. “
