Pinnacle Actuarial Resources, Inc. announced the acquisition of Bermuda-based Fourth Holdings Limited and renewal of rights for clients of Canadian company Grape Bay Actuarial Consulting Inc. (Grape Bay), effective June 30, 2026.
Ordinance provides actuarial consulting services to insurance, reinsurance, captive insurance and separate account companies through its office in Hamilton, Bermuda.
Grape Bay provides similar consulting services to Canadian insurance companies, reinsurers and captive insurance companies, professional associations and other businesses.
According to the announcement, Order and Grape Bay President Julie Perron will remain in Canada and work with Pinnacle as an independent contractor to provide services to former customers.
Going forward, Grape Bay customers will become part of Pinnacle’s subsidiary Pinnacle Actuarial Resources of Canada.
“Pinnacle is pleased to announce this key strategic acquisition and we look forward to working with Julie,” said managing principal Roosevelt Mosley. “This acquisition of Ordinary and Grape Bay customers will increase Pinnacle’s international presence and enhance our service offering to customers in Bermuda and Canada. It will also expand and deepen the expertise, market knowledge, capabilities and scale of services provided to Order and Grape Bay customers.”
Perron has more than 25 years of experience as an actuary with extensive expertise in captive insurance, loss reserves, pricing and reinsurance program structuring.
“Julie will bring a wealth of international knowledge and experience to our firm. We look forward to bringing her expertise, knowledge and skills to represent clients in all markets we serve,” Mosley said.
As the top actuarial consultant for local captive insurance companies, Pinnacle already has a strong presence in Bermuda. To realign its regional strategy, the company also recently established Pinnacle Actuarial Resources Canada.
Robert Walling, principal and consulting actuary at Pinnacle, said: “The global property and casualty insurance industry continues to grow, and this acquisition will strengthen Pinnacle’s position in two key geographies: captive insurance, traditional insurance and reinsurance.”
Adding: “This is an exciting acquisition that expands our firm’s international reach and enables Pinnacle to continue to provide best-in-class consulting services and actuarial expertise in Bermuda and Canada,” said Walling, Pinnacle’s market leader in Bermuda.
