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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 has 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.” |
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CONTRACT (12 months): Underwriter | ||
Fully remote - Negotiable |
CONTRACT (12 months): Senior Underwriter | ||
Fully remote - Negotiable |
MI Manager | ||
UK South West / hybrid 2 days in the office - Negotiable |
Senior MI Analyst | ||
UK South West / hybrid 2 days in the office - Negotiable |
LONDON MARKET CONTRACT: Capital Model... | ||
London/hybrid 2-3dpw office-based - Negotiable |
Senior M&A Actuary | ||
London / hybrid 3 dpw office-based - Negotiable |
Market-leading Pricing | ||
South East or Scotland / hybrid 2 dpw in the office - Negotiable |
Longevity Actuary | ||
London / hybrid 2 days p/w office-based - Negotiable |
Senior Pensions Administrator | ||
Flex / hybrid - Negotiable |
Senior Portfolio Analyst | ||
London - £70,000 Per Annum |
Reserving Actuary | ||
London - £100,000 Per Annum |
Senior Pricing Actuary - Personal Lines | ||
London - £130,000 Per Annum |
Senior Manager | ||
London - £150,000 Per Annum |
Pricing Actuary - Longevity Swaps | ||
London/hybrid 2-3dpw office-based - Negotiable |
Senior Reinsurance Pricing Actuary | ||
London - £200,000 Per Annum |
P&C Senior Manager | ||
London - Negotiable |
Senior Reserving Analyst | ||
London / hybrid 3 dpw office-based - Negotiable |
Deputy Head of Pricing | ||
London - £150,000 Per Annum |
BPA Implementation Analyst | ||
North-West / hybrid 2-3dpw office-based - Negotiable |
Pricing Actuary – London Market | ||
London / Hybrid - Negotiable |
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