Pinnacle Expands with Bermuda, Canada Acquisitions

Pinnacle Actuarial Resources, Inc. has acquired Bermuda-based Ordinance Holdings Limited and the renewal rights for clients of Canadian actuarial consulting firm Grape Bay Actuarial Consulting Inc., effective June 30, 2026.

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

As part of the transaction, Julie Perron, president of both Ordinance and Grape Bay, will work with Pinnacle as an independent contractor. She will continue serving former Ordinance and Grape Bay clients while remaining based in Canada. Grape Bay clients will transition to Pinnacle Actuarial Resources of Canada, a Pinnacle subsidiary.

"Pinnacle is pleased to announce this key strategic acquisition, and we look forward to working with Julie," Roosevelt Mosley, managing principal at Pinnacle, said. "This acquisition of Ordinance and clients of Grape Bay will increase Pinnacle's international presence and enhance the services we provide our clients in Bermuda and Canada. It will also expand and deepen the expertise, market knowledge, capabilities, and scale of service for clients of Ordinance and Grape Bay."

Ms. Perron brings more than 25 years of actuarial experience, including expertise in captive insurance, loss reserving, pricing, and the structuring of reinsurance programs. She holds the designations of Fellow of the Canadian Institute of Actuaries, Fellow of the Casualty Actuarial Society, and Member of the American Academy of Actuaries.

"Julie will bring a wealth of international knowledge and experience to our firm. We're looking forward to bringing her expertise, knowledge, and skills to bear on behalf of our clients in all markets we serve," Mr. Mosley said.

The acquisition expands Pinnacle's presence in Bermuda, where the firm already serves as an actuarial adviser to numerous captive insurance companies. The company recently announced the formation of Pinnacle Actuarial Resources of Canada to support its strategy in the Canadian market.

"The global property and casualty insurance industry continues to grow, and this acquisition will strengthen Pinnacle's position for captive insurance, traditional insurance, and reinsurance in two key regions," Robert Walling, principal and consulting actuary at Pinnacle, said. "It is an exciting acquisition that increases our firm's international footprint and positions Pinnacle to continue to deliver best-in-class consulting services and actuarial expertise throughout Bermuda and Canada."

Pinnacle is an independent actuarial consulting firm focused on the property-casualty insurance industry. Headquartered in Bloomington, Illinois, the firm also maintains offices in Atlanta, Chicago, and San Francisco. The company is owned by its professional staff and ranks among the largest independent property/casualty actuarial firms in the US.