XPS Pensions Group plc has entered into an agreement to acquire the entire issued share capital of Polaris Actuaries and Consultants. Cash consideration of 23.4 million pounds will be paid on completion and a further contingent cash consideration of up to 35.0 million pounds will be payable in three years contingent on achieving certain stretching business performance criteria. Polaris will be integrated into the current XPS Insurance Consulting team.
Polaris Actuaries and Consultants is a provider of insurance, risk and regulatory consulting services. It specialises in actuarial consulting providing actuarial and technical services to insurance clients in the UK, and supporting them on financial, risk and regulatory and actuarial change programs.
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