Global consulting and actuarial firm Milliman has announced the opening of a new office in Bermuda.
Milliman says the office will offer a “more formalized presence” on the island, and comes in response to increasing demand for insurance consulting and technology support.
“We are excited to officially announce the opening of Milliman’s Bermuda office,” said Milliman Chairman Ken Mungan. “Under the leadership of Su Meng Lee, the office will provide insurers and other risk-bearing entities with the expertise to support their Bermuda operations.”
Services in demand include M&A expertise, financial reporting and Approved Actuary work, new entrant support, risk and capital management, outsourcing, predictive analytics, machine learning, and technology and modeling capabilities, Milliman says.
Su Meng and her team will continue to work closely with Milliman’s other offices around the world to provide these services for insurers based in Bermuda.
“Clients often look to Milliman to achieve their strategic objectives in this rapidly evolving market,” said Milliman Principal Su Meng Lee. “The Bermuda office allows us to better serve our clients and provides expanded collaboration opportunities. I’m excited to be spearheading this effort.”
Su Meng Lee is a principal at Milliman with over 15 years of consulting experience, and has extensive experience in the life insurance M&A and reinsurance, including offering strategic advice to clients on the opportunities that Bermuda offers in conjunction with any transactions.
She is also experienced in helping clients navigate Bermuda related reserve and capital issues and in evaluating, establishing and managing new entities.
