Howden has agreed to acquire the Insurance and Financial Services Consulting Team (IFS team) of Hymans Robertson LLP, in a move to expand its insurance actuarial and longevity capabilities.
The transaction will see the launch of Howden Insurance Actuarial & Longevity (Howden IAL), bringing together the Hymans Robertson IFS team and insurance actuarial and longevity specialists who joined Howden through the Barnett Waddingham transition.
The new unit combines outsourced actuarial capability with experience supporting insurers on strategic risk and capital projects, as Howden builds out its insurance advisory platform.
Howden IAL will support insurers across pricing, capital allocation, reserving, investment strategy, model validation, asset-liability management and longevity risk.
The combined business will include around 90 specialist consultants, increasing capacity to support insurers navigating regulatory, capital and market complexity.
“This is an important development for our business and for the market. 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,” said Glenn Thomas, CEO and global practice leader, health & employee benefits at Howden.
“Today is a milestone moment for our business. 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. This is a significant step in Howden’s long-term ambition to build a world-class insurance advisory practice,” said Scott Eason, managing partner of Howden Insurance Actuarial & Longevity.
“We are proud of the strength and reputation of our IFS team and 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,” said Jon Hatchett, senior partner at Hymans Robertson LLP.
