Written By: Stuart Goodman
Published: Mon, 14 Mar 2022 13:19 GMT
Tyche, a specialist in developing customised risk and capital modelling software for actuaries, quantitative analysts and risk teams, serves global clients that include some of the largest life, non-life, and composite insurers and pension firms, as well as leading professional services providers.
Aon plc, a leading global professional services firm, announced on 1 March 2022 that it had acquired actuarial software platform Tyche from technology and software firm RPC Tyche.
Smith & Williamson worked with the owners of RPC Tyche to conduct an international search to support Tyche's position as a leader in actuarial software and help expand their global reach. The transaction was led by Stuart Goodman, Partner at Smith & Williamson, and assisted by Philip Barker, Kishan Joshi and Thomas Hutchence.
Alun Marriott, deputy chairman of the insurance consulting team in Reinsurance Solutions at Aon, said: "Stuart and the team at Smith & Williamson were a pleasure to work with throughout the process. Their level of technical knowledge and expertise in delivering international software transactions, along with their patience and pragmatism has been pivotal in helping us deliver this transaction.”
Stuart Goodman, Partner at Smith & Williams: "Tyche's growth over the last few years, against the backdrop of the wider challenges facing the world, is testament to the strength of their product and the expertise of the RPC Tyche team. We are delighted to have delivered a successful outcome that sees the team join Aon who understand the potential of Tyche and working together, can help deliver better solutions for their clients."
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By necessity, this briefing can only provide a short overview and it is essential to seek professional advice before applying the contents of this article. This briefing does not constitute advice nor a recommendation relating to the acquisition or disposal of investments. No responsibility can be taken for any loss arising from action taken or refrained from on the basis of this publication.
Notes to editors
Notes to editors
Smith & Williamson is a leading financial and professional services firm providing a comprehensive range of investment management, tax, financial advisory and accountancy services to private clients and their business interests. The firm’s c1,800 people operate from a network of 11 offices: London, Belfast, Birmingham, Bristol, Dublin (City and Sandyford), Glasgow, Guildford, Jersey, Salisbury and Southampton. Smith & Williamson is part of The Tilney Smith & Williamson Group.