A global risk advisory firm has beefed up its actuarial muscle with the acquisition of Madison Consulting Group, based in Madison, Georgia, and Newtown Square, Pennsylvania.
FTI Consulting, which recently released its own annual report on mergers and acquisitions in the European insurance market, said the acquisition expands its actuarial and compliance offerings in its global insurance services and its forensic and litigation consulting practice. With offices in Washington, D.C., FTI now has almost 8,000 employees in 31 countries and territories, the company said in a news release.
Terms of the deal were not disclosed.
Madison Consulting, an independent actuarial firm, was founded in 1987. Clients include state and federal regulatory agencies, law firms, insurance companies, managing general agents and self-insurance programs.
Madison President Mark Crawshaw will join FTI as senior managing director. Tina Knight, Leslie Marlo and John Gleba will serve as managing directors, FTI said.
Topics Mergers & Acquisitions
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