Consulting and actuarial firm Milliman has acquired McHugh Consulting Resources, a provider of outsourced insurance compliance and regulatory services.
The acquisition will further bolster Milliman’s position as a life and health insurance compliance service provider.
Milliman’s compliance experts work with insurers to draft and develop contracts, complete rate filings, ensure compliance in advertising, and provide customised compliance solutions.
The team also tracks changing insurance regulations in all 50 states, working with clients to remain current and compliant.
McHugh President, Ginny McHugh, commented: “We are excited to join forces with Milliman. Milliman and McHugh share a commitment to quality and excellence. Our combined compliance team has a depth and breadth that is unsurpassed in the insurance industry.”
Milliman Principal, Darrell D. Spell, said: “McHugh is a clear leader in compliance consulting and a natural fit for Milliman. Our combined capabilities are unmatched and will give Milliman’s many insurance clients a wealth of compliance expertise.”
Milliman Principal, Ashlee Borcan, added: “The integration of compliance, actuarial, and product design strategy services dramatically improves the quality of a consultant’s advice in all three areas. Milliman’s depth in these areas positions us to provide unparalleled guidance to our clients.”
