Global risk consulting firm Crowe Horwath, through its subsidiaries, reached an agreement to purchase consulting firm BaxterBruce, which has deep specialization in insurance industry risk consulting.
Based in London, BaxterBruce serves clients throughout the United Kingdom. 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.
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 will join Crowe Horwath as principals.
Crowe Horwath currently serves some of the world’s largest companies in the financial services, life sciences and manufacturing industries. The combination of the two firms will help expand the services that Crowe Horwath 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.