TORONTO, August 1, 2012 - KPMG LLP (KPMG) announced today that Valani Consulting, one of Canada's predominant life actuarial firms has joined KPMG effective August 1, 2012, making KPMG the country's largest life actuarial practice of the Big Four.
Founded in 1998 and based in Toronto, Valani Consulting is a practice of 14 highly skilled actuarial professionals, combining extensive industry insight, technical know-how, and client service skills. The Valani Consulting team will relocate to KPMG's Bay Adelaide Centre offices in Toronto.
"The changing economic climate has brought about significant regulatory reforms affecting life insurers and accounting practices that will alter actuarial liabilities," said Rob Brouwer, Canadian Managing Partner, Clients and Markets, KPMG. "An excellent fit for the firm, the Valani team brings actuarial capabilities instrumental to delivering these services to our global clients and meeting evolving market needs."
"Combining Valani's skills, experience and innovative internet-based solutions with KPMG's audit and advisory practices ensures we deliver leading actuarial services," said John Gordon, Canadian Managing Partner, Audit, KPMG. "The life insurance market is complex and calls for a wide range of capabilities, including actuarial audit, financial modeling and regulatory capital management - this makes KPMG a one-stop-shop for clients' life insurance needs."
"We're proud to join the KPMG family and help establish a leadership role in the life insurance arena," said Nazir Valani, Partner, Life Actuarial Practice Leader. "We consider KPMG the preferred partner that will best serve our global clients and provide the best opportunities for our team. Together, we are committed to providing a seamless transition for our clients and colleagues."
KPMG LLP, an Audit, Tax and Advisory firm (kpmg.ca) and a Canadian limited liability partnership established under the laws of Ontario, is the Canadian member firm of KPMG International Cooperative ("KPMG International"). KPMG member firms around the world have 145,000 professionals, in 152 countries.
The independent member firms of the KPMG network are affiliated with KPMG International, a Swiss entity. Each KPMG firm is a legally distinct and separate entity, and describes itself as such.
Founded in 1998, Valani Consulting is a practice of 14 highly skilled actuarial professionals, combining extensive industry insight, technical know-how, and client service skills. In addition to comprehensive actuarial services, Valani Consulting offers knowledgeable support and assistance with the AXIS actuarial software system, the industry's predominant solution that seamlessly integrates pricing, valuation and modeling. Clients include major international insurance and financial services companies.
Manager, Media Relations
KPMG in Canada