Steamboat Group has launched Tellum Advisory, a consulting service aimed at the lending and banking sector.
The new business will focus on risk management, regulatory compliance, and safety and soundness, offering clients specialised support in addressing regulatory and operational challenges.
Steamboat Group operates four divisions serving financial institutions, property investors, and member associations. Its portfolio includes OSC Insurance Services, Southeastern Underwriters, Tellum Advisory, Target Markets Program Administrators Association, and Insurance Networks Alliance.
Tellum Advisory will be led by Joseph Posavec, who has been appointed executive vice president of risk and compliance advisory. The firm's services will include insurance reviews, data services, and commercial credit underwriting, providing banks and lenders with compliance-based solutions tailored to critical business needs.
Posavec (pictured above) brings more than 30 years of experience across real estate, capital markets, banking and technology. He has held senior leadership positions in risk and compliance, most recently as EVP of Bank Credit Risk Solutions at Newmark. He also serves on multiple industry boards and associations, including ACAP and CefPro Fintech, and is a member of organizations such as the Mortgage Bankers Association and the American Bankers Association.
According to Steamboat Group, his expertise in banking, credit and regulatory compliance will help shape Tellum Advisory's approach in delivering practical solutions to clients navigating increasingly complex oversight requirements.
The launch of Tellum Advisory comes at a time when financial institutions are under heightened scrutiny from regulators and face increasing pressure to demonstrate strong compliance frameworks.
For insurers working closely with banks and lenders, shifts in regulatory expectations can also influence underwriting standards, credit risk exposure, and overall portfolio performance.
By offering advisory services that intersect compliance, credit, and insurance reviews, Tellum Advisory positions itself as a bridge between risk management and financial stability. This approach may help banks mitigate regulatory risk while also enhancing their operational resilience — factors that carry implications for insurers providing coverage to the financial services sector.
With Posavec’s leadership and Steamboat Group’s backing, Tellum Advisory aims to become a key resource for banks and lenders looking to adapt to evolving risk and compliance demands.
The initiative reflects a broader industry trend of expanding advisory offerings alongside traditional insurance and financial products, underscoring how firms are responding to client demand for integrated risk management solutions.
