Pinnacle Actuarial Resources, an American actuarial services firm, has acquired Bermudian-based Ordinance Holdings and the renewal rights for clients of Canadian firm Grape Bay Actuarial Consulting, effective June 30, 2026.

Ordinance 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.

Julie Perron, the president of Ordinance and Grape Bay, will work with Pinnacle as an independent contractor, Pinnacle said in a statement. Ms Perron will continue to serve former Ordinance and Grape Bay clients and will remain based in Canada.

Grape Bay clients 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,” managing principal Roosevelt Mosley 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 has more than 25 years of experience as an actuary, with extensive expertise in captive insurance, loss reserving, pricing and structuring of reinsurance programmes. She is a Fellow of the Canadian Institutes of Actuaries, Fellow of the Casualty Actuarial Society and Member of the American Academy of Actuaries.

Pinnacle already has a substantial presence in the Bermuda insurance market, including a leading position as an actuarial adviser to numerous captive insurance companies within the domicile.

Pinnacle also recently announced the formation of Pinnacle Actuarial Resources of Canada to co-ordinate the firm’s strategy in that 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,” said Robert Walling, Pinnacle’s principal and consulting actuary.

Pinnacle’s home office is in Bloomington, Illinois, and the firm also has a presence in Atlanta, Chicago and San Francisco. Pinnacle is owned by its professional staff and ranks among the largest independent property/casualty actuarial firms in the US.