Overland Park, Kansas July 31, 2013 – Lewis & Ellis Inc., a leading North American actuarial consulting firm, announced today the sale of their Illustration Software Division to illustrate inc of Toronto, Canada. illustrate inc has been a leader in the life insurance illustration market in Canada for the last 23 years.
Gary Rose, Executive Vice President of the Overland Park Office of Lewis & Ellis, said “this is a win-win situation for everyone involved. The sale gives illustrate inc the opportunity to enter the U.S. market in a timely and aggressive fashion. It allows Lewis & Ellis to focus its attention on its core actuarial consulting business. Finally, it provides our now former employees the opportunity for significant growth in their business. illustrate inc allows the Software Division to provide tablet and mobile technology to their clients.”
Lewis & Ellis was formed to offer traditional actuarial services to insurance companies. They quickly expanded to offer a full range of actuarial consulting services to a wide spectrum of clients. L&E is well versed in life, annuities, comprehensive medical, supplemental health, and the property & casualty lines of business. Their expertise includes auditor support, financial examinations, expert testimony, actuarial software solutions, health care reform and policy, life settlements, health and welfare, retiree medical, compliance support, product development, financial reporting and analysis, and mergers and acquisitions.
Lorne Brown, President of illustrate inc had this to say. “The combination of these two life insurance illustration leaders fits well with our growth strategy and expansion in the U.S. We are very excited about the knowledge, experience and actuarial expertise the L&E staff will bring to illustrate inc.” Dave Batchelder, head of the L&E Software Division, and now a Vice President with illustrate inc added “We are excited to bring these two companies together and offer illustrate inc’s advanced technology to our customer base”.
The Software Division will continue to be located in their current offices in Overland Park. Both illustrate inc and Lewis & Ellis are privately held companies.
About Lewis & Ellis
Since L&E was founded in 1968, we have charted a course of significant growth built on dedication to professional competence, integrity, and service. We currently have over 35 actuaries serving clients coast-to-coast in all facets of life, health and property & casualty insurance operations, regulatory compliance, employee benefits, expert testimony, and longevity risk management services. Our reach is supported by offices in Dallas, Kansas City, London, and Baltimore. For more information on Lewis & Ellis, visit our website at www.lewisellis.com.