Douglas Anderson, a former partner at Hymans Robertson, is the founder and chief visionary officer of Club Vita
Club Vita’s US, Canadian and UK longevity analytics businesses have merged into a single independent entity, Club Vita LLP.
The consolidation of Club Vita's operations in the UK, US and Canada will see the new organisation operate independently of its founding companies.
Club Vita was originally founded in the UK in 2008 by Hymans Robertson and expanded into Canada with the support of Eckler, a Canadian actuarial firm, in 2014. The two firms jointly established Club Vita US as a joint venture in 2019.
A Hymans Robertson spokesperson told Professional Pensions the new business will have an independent board "at arm's length from Hymans Robertson."
Club Vita's aim is to serve all pension funds, pension advisors, the insurance industry and asset managers with market-leading longevity data services and has relationships with 400 pension funds, 7 pension advisory businesses and 25 insurers globally.
Club Vita LLP group CEO Jennifer Haid said: "We're excited to launch this new chapter as an independent data analytics business, designed to help an increasingly broad range of organisations deliver innovative solutions in managing longevity uncertainty.
"From a statistical perspective, we've learned that the inter-country similarities in longevity patterns are more profound than their differences. Our big data philosophy is the genesis for an international standard for longevity analytics and efficiently enables a wider range of analysis powered by cross-market insights."
Chief visionary officer Douglas Anderson added: "I'm really grateful to both Hymans Robertson and Eckler for their support in our formative years. Without their belief in our vision and investment, Club Vita would not have reached today's milestone. I would also like to say a huge thank you to Ian Edelist, who has led Club Vita Canada to become the longevity analytics leader in Canada, but is stepping away now that Club Vita Canada is formalising its independence from Eckler."
Tom Higgins is a junior financial journalist at Rhotic Media
