Download the Press Release

Bloomington, Ill. – Pinnacle Actuarial Resources, Inc. (Pinnacle) has announced that it has finalized the acquisition of Bermuda-based Ordinance Holdings Limited (Ordinance) and the renewal rights for clients of Canadian firm Grape Bay Actuarial Consulting Inc. (Grape Bay), which was announced last month. 

Ordinance, located in Hamilton, Bermuda, provides actuarial consulting services to insurance, reinsurance, captive insurance and segregated accounts companies. Grape Bay is an actuarial consulting firm that serves insurance, reinsurance and captive insurance companies, professional associations and other businesses in Canada. 

The president of Ordinance and Grape Bay, Julie Perron, will work with Pinnacle as an independent contractor. She will continue to serve Ordinance and former Grape Bay clients and will remain based in Canada. 

“Pinnacle is pleased to announce the finalization of this key strategic acquisition, and we look forward to serving Ordinance and Grape Bay clients,” Managing Principal Roosevelt Mosley said.

Pinnacle already has a substantial presence in the Bermuda insurance market, including a leading position as an actuarial advisor to numerous captive insurance companies within the domicile. Pinnacle also recently announced the formation of Pinnacle Actuarial Resources of Canada to coordinate the firm’s strategy in that market.