Moody’s Analytics acquires GGY

On March 1, 2016, Moody’s Analytics, Inc., a wholly owned subsidiary of Moody’s Corporation, acquired GGY Consulting, a leading provider of advanced actuarial software for the global life insurance industry. Combined with Moody’s Analytics’ insurance risk products, the acquisition created an industry-leading enterprise risk offering for global life insurers and reinsurers. Terms of the deal were not disclosed. 

Moody’s Corporation is the parent company of Moody’s Analytics, Inc. Moody’s Analytics, Inc. offers software, advisory services and research for credit and economic analysis and financial risk management. 

GGY was initially formed in 1989 to develop and market the AXIS Actuarial System. Today, AXIS is used in over 160 companies and has over 2800 users. In 2015 alone, GGY had approximately $28 million in revenue. 

Borden Ladner Gervais LLP represented Moody’s Analytics on the acquisition. The BLG team was led by Jay Lefton, and included Paul Simon, Laura Costen, Danny Lang, Rob Weir, James Fu, Kelly Morris, Andrew Harrison, Sonia Mak, Eric Boehm and Greg McLean. 

Cassels Brock & Blackwell LLP represented GGY on its pre-closing corporate reorganization and on its acquisition by Moody’s. The Cassels Brock team included Jonathan Fleisher, Jake Bullen, Bernice Karn, Andrew Reback, Peter Henein, Laurie Jessome, Miho Felicio, Alison Hayman, Aly Somani, Shaira Nanji and Jared Puterman.