Reinsurance News

Oliver Wyman opens new Actuarial office in Bermuda, appoints leader

2nd August 2022 - Author: Jack Willard

Oliver Wyman, a global management consulting firm and business of Marsh McLennan has announced the opening of a new Actuarial office in Bermuda.

The firm has also announced that Faisal Haddad has been appointed as Head of the Bermuda Actuarial team.

Haddad has more than 15 years of diverse international industry experience for reinsurers and consultancies across both sides of the Atlantic. He specializes in offshore reinsurance solutions for back books and new product offerings, capital management and balance sheet optimization.

Prior to joining Oliver Wyman, Haddad was the Chief Actuary for Brookfield’s offshore entities in Bermuda and Cayman. Prior to that, he served at WTW, Bermuda.

Additionally, the opening of the office marks a new milestone in Oliver Wyman’s global footprint. With both a local presence and resources now in Bermuda, Oliver Wyman will improve its service to clients across all industries and capabilities.

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David Weinsier, US Insurance Practice Leader, Oliver Wyman Actuarial, commented: “As demand for our actuarial services continues to grow both in Bermuda and for our US clients with Bermuda subsidiaries, our new office under Faisal’s leadership will establish a strong local presence and provide additional resources to better serve and collaborate with clients across the insurance industry.

“I am excited to have Faisal lead and grow our Bermuda team and local offerings. He will strengthen our existing deep Bermuda and reinsurance expertise and enhance our ability to serve our clients.”

Chad Wischmeyer, Actuarial Practice Managing Partner, added: “We are proud of our growth and consistent high-quality service to our clients. Our new Bermuda office will bring Oliver Wyman’s actuarial teams even closer to clients and better assist them with their strategic and business needs globally.”

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