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Article:

A new era for the Insurance team

08 February 2019

Our insurance sector team just got stronger

BDO has completed its merger with Moore Stephens LLP, creating the largest UK accountancy and business advisory firm focused on mid-sized, entrepreneurially-spirited businesses. The merger significantly bolsters our ability to serve the insurance sector, delivering greater expertise and building on the already significant position enjoyed by Moore Stephens.

The enlarged BDO insurance team includes actuaries, IFRS 17 specialists, regulatory experts and corporate finance, as well as insurance audit and tax teams. At the heart of our offering is niche expertise and knowledge, gained from working closely with leading insurance businesses and key people within the industry.

We pride ourselves on the breadth and depth of our insurance expertise, offering specialist and tailored support to industry participants and regulators, locally and internationally. Our services, delivered by a multi-disciplinary team of experienced sector specialists, include:

Our wider network

The newly merged firm is part of BDO’s international network, which has 80,000 people and revenues of $9bn across 162 countries. In the UK, BDO LLP now has a combined workforce of 5,000 people across 17 locations, delivering revenues of £590m.  

This makes us the third biggest auditor of listed companies. In addition, it cements our ranking as the UK’s leading auditor to AIM-listed companies. The strength of our financial services sector and our international network will assist insurers and brokers grow globally and meet the challenges the industry faces. Our newly merged firm now makes us the fifth largest accountancy and business advisory firm in the UK. 

How we can help

Our dedicated insurance sector experts provide advice to underwriters, Lloyd’s syndicates, P&I clubs and other mutuals, outsourcers, and multinational insurers and brokers. We advise clients on their statutory requirements and the most efficient ways of fulfilling these obligations. We also advise many organisations on the most efficient ways to structure their affairs through our advisory services to ensure that all available opportunities are maximised and risks are minimised. Our actuarial team incorporates qualified actuaries, data scientists and risk and capital experts to provide clients with a wide spectrum of actuarial advice and support to help insurers understand the increasingly complex risks they face. With tax legislation and regulation being an area of regular change, our specialist team also helps clients stay abreast of the latest opportunities, as well as any potential pitfalls. 

For more information, contact us here

Click here to see the team.