Club Vita consolidated its operations in the U.K., U.S., and Canada recently under a parent company, Club Vita LLP.
In a news release dated Feb. 23, Jennifer Haid, group CEO of Club Vita LLP, said the company’s data philosophy efficiently enables a wider range of analyses powered by cross-market insights.
“We’re excited to launch this new chapter as an independent data analytics business, designed to help an increasingly broad range of organizations deliver innovative solutions in managing longevity uncertainty,” Haid said in the release.
Club Vita was initially founded in 2008 by Hymans Robertson LLP in the U.K. By 2015, Club Vita Canada was established by Eckler Ltd., and in 2019 Club VITA U.S. was launched as a joint venture, according to the release. The company has garnered over 50 employees and relationships with 400 pension funds, seven pension advisory businesses, and 25 insurers worldwide.
According to the release, the merger is set to improve the company's current financial state by transferring three separate Club Vita businesses from founders Hymans and Eckler to the newly created, operationally independent Club Vita LLP.
Moving forward, Club Vita will work toward its mission to improve later-life financial well-being by promoting awareness of longevity risk and making its management transparent and efficient, the release said.