Crowe Horwath, a global risk consulting firm, has announced plans to acquire BaxterBruce, a specialised insurance industry management consulting firm. Financial terms of the transaction were not disclosed.
BaxterBruce, established in 2009 by Justin Baxter and Daniel Bruce, specializes in risk management, capital management and regulatory change to the UK’s insurance industry. Baxter and Bruce will take up leadership roles as partners in Crowe Horwath.
The combination of the two companies will help Crowe Horwath expand its services in the UK and around the world. The transaction allows it to tap into BaxterBruce’s sophisticated, data-driven models to help clients navigate heavily regulated industries such as healthcare, pharma, insurance, and finance. The merger will also enable BaxterBruce’s clients to access a wider set of services in key global economic centers.
“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’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 Baxter. “This move will reinforce our two firms’ leadership in the financial services industry and open up new possibilities for our team and our clients.”