Oliver Wyman, a global management consulting firm and a business of Marsh McLennan, has established an actuarial practice in the United Kingdom and appointed Colin Forrest as Partner and UK Actuarial Leader.
Oliver Wyman Actuarial is a specialist business within the Oliver Wyman Group, providing actuarial services to insurers, investors, healthcare providers, corporates and other clients.
The business collaborates with the management consulting team within Oliver Wyman, in particular the Insurance & Asset Management Practice which provides management consulting services to the same client base.
Mick Moloney, Managing Partner Actuarial and Global Head of Insurance & Asset Management, Oliver Wyman, commented: “The UK is one of the largest actuarial services markets globally with significant opportunity for us.
“Given our rapidly expanding continental European actuarial practice, the breadth and depth of our Americas operations, and our already market-leading UK management consulting business, we are delighted to have Colin join Oliver Wyman, and to serve the actuarial needs of our UK insurance clients.”
In his new role, based in Oliver Wyman’s London office, Forrest will be tasked to build out a market-leading actuarial practice in the UK serving the needs of Life insurers and P&C insurers.
Forrest will be joining from Aon’s Strategy & Technology Group where he most recently was CEO, providing technology and advice to P&C, Life, and Health insurers globally.
Prior to Aon, he was EMEA Regional Leader, Insurance Consulting & Technology at Willis Towers Watson, and earlier in his career was a Partner in Deloitte’s Insurance Actuarial Practice based in the UK and Switzerland.
Mario Hoerig, Partner and Practice Leader Actuarial Europe, Oliver Wyman, said: “Colin’s experience and track record in the UK and across the wider European market will be instrumental in growing our European Actuarial platform, allowing clients to benefit from our market-leading capabilities across Europe.
“I’m thrilled to welcome Colin to the team; he joins us at exciting, yet challenging times, in which our clients face a very dynamic market environment, rapidly evolving regulatory requirements, and the need to increase the speed and flexibility of their actuarial and wider finance operations.”
Commenting on his appointment, Forrest said: “It’s the perfect time to be joining Oliver Wyman’s new UK-based actuarial practice. Our highly successful EMEA actuarial team, combined with our market-leading Insurance and Asset Management Practice, gives us the perfect platform to provide the high-quality, independent advice that clients need to navigate their current challenges and continue to have the best possible environment for their actuaries to thrive.”
