Acquisition enhances property and casualty actuarial and compliance offerings within insurance practice.
FTI Consulting, Inc. (NYSE: FCN) has announced that it has acquired Madison Consulting Group, an actuarial consulting firm with 25 billable professionals and offices in Madison, Georgia., and Newtown Square, Pennsylvania. The addition of Madison Consulting Group expands the firm's property and casualty actuarial and compliance offerings within the Global Insurance Services practice in the Forensic and Litigation Consulting segment. Terms of the transaction were not disclosed.
As part of the transaction, Madison Consulting Group President Dr. Mark Crawshaw joins FTI Consulting as a Senior Managing Director, and Tina Knight, Leslie Marlo and John Gleba join as Managing Directors. Dr. Crawshaw and the team enhance FTI Consulting's property and casualty actuarial consulting capabilities and provide clients with insurance policy regulatory compliance services that will help insurance companies meet state and federal regulatory requirements. The team provides actuarial, data collection, compliance reporting and expert witness services to clients that include state and federal regulatory agencies, law firms, insurance companies, managing general agents and self-insurance programs.
