KSM subsidiary buys insurance regulatory practice of Eide Bailly

17 January 2023 Consulting.us 1 min. read

Noble Consulting, the insurance regulatory consulting subsidiary of Top 100 accountancy Katz, Sapper & Miller (KSM) – has acquired the insurance regulatory practice of Top 25 accountancy Eide Bailly.

The deal will add 13 professionals to Indianapolis-based Noble Consulting, which has 40 employees. The fully remote team from Eide Bailly include CPA- and CFE-accredited professionals who have extensive experience conducting financial risk examinations and related services on behalf of state regulators.

“I’m excited to welcome 13 outstanding team members from Eide Bailly to our growing Noble family,” said Mike Dinius, CEO of Noble Consulting. “Not only will our combined talent help us deepen our ability to serve our clients’ diverse and growing needs, it will also enable us to develop new business and create new opportunities for all our employees.”

Ryan Havick, principal and leader of Eide Bailly’s insurance regulatory practice, joins Noble’s executive team as a vice president.

KSM subsidiary buys insurance regulatory practice of Eide Bailly

“In the small world of insurance regulation, Noble is known for its high standards and commitment to serving its clients with excellence,” said Havick. “We’re excited to join Noble and look forward to growing and accomplishing a great deal on behalf of our clients with our combined talent and resources.”

Indianapolis-headquartered KSM – which has 500 people in Indiana, New York, and Oklahoma and estimated revenue of $123 million in FY22 – acquired Noble Consulting in October 2021. KSM had previously sold its consulting division to Renovus in April 2019.

Noble supports insurance regulators with services in financial risk examinations, market conduct examinations, reinsurance contract reviews, and cybersecurity reviews, among other offerings.