Devon, Pa. —
In February 2008, SMART announced the expansion of its life actuarial services practice, led by Ed Robbins in the firm’s Chicago office, with the addition of three wellknown life actuaries: Christian DesRochers, FSA, Michael LeBoeuf, FSA and Brian King, FSA, formerly with ICS. This transaction rejoins these former members of ICS with their staff colleagues. SMART also is assuming the former offices of ICS in Avon, Conn., establishing a permanent office location for SMART in the Hartford marketplace.
“The addition of this group of very talented life actuaries to our existing actuarial practice significantly expands the breath and depth of our actuarial service offerings, and provides SMART with the resources to assist our clients in dealing with a myriad of financial reporting and product development challenges facing them today”, says J. Howard Stecker, SMART SVP.
“Our existing broad insurance industry team, coupled with the expansion of our life actuarial capabilities, gives us the ability to provide a wide variety of consulting and compliance service offerings to the insurance industry,” says Joseph Lanzisera, SMART SVP. “One of our strengths as a company is to provide industry-focused, seamless delivery capability across multiple service lines to meet the changing needs of our clients.”
Jim Smart, CEO of SMART, states “The assumption of the ICS practice is just another example of our commitment to deliver high-caliber, accounting-focused consulting services to the insurance and financial services industries. SMART took on private equity funding in May 2007 when Boston-based Great Hill Partners invested in the company, in large part, to provide capital to help us expand. We are poised to continue growing our company though strategic hires as well as acquisitions of talent. The ICS transaction is a great example of this strategy in action.”
Source: SMART Business Advisory and Consulting LLC
