Lewis & Ellis, Inc. (L&E), a national actuarial consulting firm, has acquired Huggins Actuarial Services, Inc. (Huggins), a provider of property & casualty (P&C) actuarial services, in a move that enhances L&E’s position in traditional P&C markets while accelerating its capabilities in the insurance-linked securities (ILS) space.
Cabe Chadick, FSA, MAAA, President & Managing Principal of Lewis & Ellis, commented: “This partnership is about more than just scale — it’s about depth.
“By welcoming Rusty, President of Huggins Actuarial Services, and his outstanding team into the L&E fold, we’re broadening our capabilities in a way that directly benefits our clients.
“That includes strengthening our support for the ILS market, where actuarial discipline and data-driven insight are more essential than ever.”
Huggins has earned its reputation over more than a century for technical excellence in P&C actuarial consulting, with a solid client base that includes insurers, self-insurers, captives, and risk retention groups.
Its team brings decades of specialised P&C experience assessing and communicating complex risk profiles, particularly in alternative risk markets.
Moreover, L&E’s ILS services span the full lifecycle of a transaction. From loss modeling and deal structuring to independent due diligence and performance monitoring, the firm delivers comprehensive support to insurers, reinsurers, institutional investors, and ILS fund managers.
As an independent firm, L&E maintains objectivity by operating free of ties to issuers or investors, enabling it to provide transparent analysis, clear reporting, and unbiased insights into risk pricing, cash flows, and deal fairness.
“Our ILS services are comprehensive and hands-on. We support deal structuring, perform loss modeling, assist with regulatory and domicile-specific compliance, and help communicate the risk profile of ILS structures to regulators, investors, and rating agencies. For institutional investors and ILS fund managers, we offer independent due diligence that gets beneath the surface of offering documents and market assumptions,” L&E noted in a statement.
Adding: “And when it comes to portfolio monitoring and performance analysis, we bring a deep understanding of how ILS vehicles behave over time — and how to optimize risk-return profiles in a changing market.”
Ronald T. (Rusty) Kuehn, FCAS, MAAA, CERA, CPCU, ARM, FCA, President of Huggins, said: “ILS is not just about capital efficiency; it’s about trust, transparency, and precision. Our combined team is uniquely equipped to support clients looking to navigate this dynamic space — and to do it with a level of actuarial depth that distinguishes us in the market.”
