Two firms join forces to expand financial services risk consulting services
LONDON, May 4, 2016 /PRNewswire/ --Crowe Horwath, a leading global risk consulting firm, reached an agreement to acquire BaxterBruce Ltd. the U.K.'s specialized insurance industry management consulting firm. By joining forces, the two firms will create one of the U.K.'s premier risk consulting firms to the financial services industry. Financial terms were not disclosed.
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Established in 2009 by Justin Baxter and Daniel Bruce, BaxterBruce specializes in risk management, capital management and regulatory change to the insurance industry in the U.K. The firm, which has been expanding at a rate of more than 20 percent each year, has built a reputation for excellence underpinned by deep actuarial, regulatory and change management capability. Baxter and Bruce take up leadership roles as partners in Crowe Horwath.
Crowe Horwath is already a dynamic force in the U.K., serving some of the world's leading companies in the financial services, life sciences and manufacturing industries. The combination of the two firms will help Crowe Horwath expand the services it offers its clients in the U.K. and around the globe and will also deepen its insurance industry, actuarial and change management expertise. For BaxterBruce, the merger will enable its clients to access a broader set of capabilities in the key economic centers of the world.
"Crowe Horwath and BaxterBruce have built their businesses on similar values, which we believe is key to our success together in the future," said Jonathan Burnett, CEO of Crowe Horwath's global risk consulting practice. "I am delighted that our people and our clients globally will benefit from our two firms joining forces in the U.K."
"Joining Crowe Horwath is a great fit with our values and way of doing business," said Justin Baxter, co-founder of BaxterBruce. "This move will reinforce our two firms' leadership in the financial services industry and open up new possibilities for our team and our clients."
"This is a natural evolution for BaxterBruce," added Daniel Bruce, co-founder. "Our clients really appreciate our attention to quality and the depth of our expertise. We will now have much greater critical mass to help clients tackle a wider range of challenges, without compromising the principles on which our reputation has grown."
About Crowe Horwath
Crowe Horwath Global Risk Consulting (Holdings) Limited and its subsidiaries ("Crowe Horwath") uses its deep industry expertise to provide governance, risk and compliance services. Crowe Horwath serves clients worldwide as an independent member of Crowe Horwath International, one of the largest global accounting networks in the world. The Crowe Horwath International network consists of more than 200 independent accounting and advisory services firms in more than 120 countries around the world.
About BaxterBruce
BaxterBruce Ltd is a specialist management consultancy that provides business transformation and education solutions to the insurance industry. Its expertise lies across the areas of risk and capital management, finance transformation, and regulatory change. The firm places great emphasis on combining deep content expertise with exceptional delivery. BaxterBruce offers a range of consulting services covering business advisory, programme delivery, and education and training.
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