BaxterBruce specialises in risk and capital management, and regulatory change, focusing on the insurance industry and has been expanding at a rate of more than 20% a year. Founding partners of the firm, Justin Baxter and Daniel Bruce, will join Crowe Horwath as principals.

Crowe Horwath currently serves some of the world's largest companies in the financial services, life sciences and manufacturing industries. The combination of the two firms will help expand the services for UK clients and will also enhance its insurance industry, actuarial and change management expertise.

‘Crowe Horwath and BaxterBruce have built their businesses on similar values, which we believe is key to our success together in the future,’ said Steve Strammello, managing partner of Crowe Horwath Risk Consulting.

‘Joining Crowe Horwath is a great fit with our values and way of doing business,’ said Baxter. ‘This move will reinforce our two firms' leadership in the financial services industry and open up new possibilities for our team and our clients.’

‘This is a natural evolution for BaxterBruce,’ added Daniel Bruce, co-founder. ‘We will now have much greater critical mass to help clients tackle a wider range of challenges, without compromising the principles on which our reputation has grown.’