Finity has acquired Melbourne-based actuarial consulting firm, Cause Way, led by Hadyn Bernau.
Finity will leverage Cause Way’s strength in health and aged care actuarial advice to further expand its pricing, financial capital and analytics services.
“The acquisition of Cause Way adds depth and diversity to our well established health insurance practice. Cause Way also brings expertise in aged care and relational analytics,” said Finity Managing Director, Scott Collings. “This is an exciting first acquisition for Finity, that importantly complements our business with a talented team of consultants who very much share our values and strengthen our capabilities.”
Since 2013 Hadyn Bernau has established Cause Way as a trusted advisor to corporate, government, regulatory and non-profit organisations. In his previous role as Actuary for the Private Health Insurance Administration Council, Bernau advised the Federal Health Minister on premiums and co-designed the current capital standards for health insurers.
“Cause Way has had a long standing respect for Finity’s work and people. This acquisition will unlock synergies in health insurance actuarial advice, aged care and the emerging business trend of measuring relational capital,” said Cause Way Director, Hadyn Bernau.
“We plan to continue serving our existing client base as per usual and look forward to exploring new ways to add value via this acquisition,” Hadyn added.
The Cause Way team join Finity’s Melbourne offices in September 2018.