This strategic move is set to strengthen Broadstone’s offering in the rapidly growing life insurance and bulk purchase annuity (BPA) markets.

ExactVAL supports many of the most active life insurers in the BPA space, helping them perform complex actuarial calculations and detailed cashflow analyses with increased speed and efficiency. These capabilities are critical for insurers seeking to capitalise on the surging demand for BPA transactions, driven by improved funding levels and a widespread push among pension schemes to de-risk.

The acquisition will see ExactVAL join Broadstone’s Insurance, Regulatory and Risk Advisory division, which plays a key role in the firm’s long-term growth strategy. This division also services the non-life insurance market, including Lloyd’s and the wider London Market, and is focused on expanding Broadstone’s presence and expertise across the insurance sector.

Tony Gusmao, CEO of Broadstone, commented: “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, added: “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.”

This acquisition reflects Broadstone’s commitment to investing in capabilities that support the evolving needs of life insurers, while helping clients navigate the growing complexities of the BPA market with confidence.