The Actuarial Advantage has merged operations with Financial Risk Analysts (FRA).
The combined entity will now operate under the name The Actuarial Advantage (TAA).
TAA was founded in 2001 by Dennis Henry, consulting actuary at TAA and Eric Bause, senior consultant at TAA and it worked primarily with government risk pools.
FRA was founded in 1993 with its initial focus on the alternative risk financing market such as self-insurers, captive insurance companies, risk retention groups, and other non-standard risk financing programmes.
FRA’s focus has expanded to include traditional insurance companies and reinsurers.
The merger of TAA and FRA will now serve various types of clients across numerous industries.
Commenting on the merge, Kyle Mrotek, consulting actuary, TAA, says: “The merger brings together two actuarial firms with similar values and cultures and is a positive development for both employees and clients.”
He explains: Our employees have the opportunity to work with a broader set of professionals day to day and apply their expertise on a larger cross section of client projects.”
“Clients will continue to receive top notch service expected from a boutique actuarial firm but now with the added benefit of a deeper bench,” Mrotek adds.
