Broadstone, a leading UK financial services consultancy, has acquired ExactVAL, a specialist provider of actuarial valuation and cashflow analysis services, to strengthen its position in the bulk purchase annuity market.
The acquisition, terms of which were not disclosed, aims to deepen Broadstone’s capabilities in serving life insurers and pension scheme trustees operating in a rapidly growing annuity and de‑risking market.
ExactVAL provides outsourced actuarial valuations and cashflow modelling for defined benefit pension schemes, enabling life insurers to execute complex BPA transactions more efficiently. These services support accurate pricing and faster deal execution—critical in a market buoyed by strong demand for pension scheme de‑risking.
This acquisition follows Broadstone’s strategic push to bolster its InsurTech and actuarial offerings, particularly in response to growing market demand. With pension schemes improving funding levels, life insurers are increasingly turning to BPA transactions, and ExactVAL’s capabilities will allow Broadstone to offer more comprehensive end‑to‑end support.
Broadstone has over 650 professionals, including more than 85 actuaries across ten UK offices, offering services that range from employee benefits consulting and pensions administration to credit risk analytics and regulatory advisory.
ExactVAL’s integration will further solidify Broadstone’s depth in actuarial and modelling services.
Broadstone CEO Tony Gusmao 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.”
ExactVAL managing director Bill Harris 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.
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