Noble Consulting, the insurance regulatory consulting subsidiary of Top 100 consultancy Katz, Sapper & Miller (KSM), has acquired the insurance regulatory practice of Top 25 consultancy Eide Bailly.
The deal will add 13 professionals to Indianapolis-based Noble Consulting, which has 40 employees. Eide Bailly’s fully remote team includes CPA and CFE accredited professionals who have extensive experience in conducting financial risk examinations and related services on behalf of state regulators.
“I am excited to welcome 13 outstanding members of the Eide Bailly team to our growing Noble family,” said Mike Dinius, CEO of Noble Consulting. “Our combined talent will not only help us deepen our ability to meet the diverse and growing needs of our customers, but will also enable us to develop new business and create new opportunities for all of our employees.”
Ryan Havick, director and leader of Eide Bailly’s insurance regulation practice, joins Noble’s executive team as vice president.
“In the small world of insurance regulation, Noble is known for its high standards and commitment to serving its clients with excellence,” Havick said. “We are excited to join Noble and look forward to growing and achieving much on behalf of our clients with our combined talent and resources.”
Indianapolis-based KSM, which has 500 people in Indiana, New York and Oklahoma and estimated revenue of $123 million in fiscal year 22, acquired Noble Consulting in October 2021. KSM had previously sold its consulting division to Renovus in April of 2019.
Noble supports insurance regulators with services in financial risk reviews, market conduct reviews, reinsurance contract reviews, and cybersecurity reviews, among other offerings.