Some news from Oliver Wyman, who have strengthened their P&C team in London. More here;
Oliver Wyman, a global leader in management consulting and a business of Marsh McLennan (NYSE:MMC), announced today that its actuarial specialist business, Oliver Wyman Actuarial, has strengthened its property and casualty (P&C) capability in Europe by setting up a London-based presence. To spearhead the effort, Matthew Facey has joined the firm as Partner and is based in London.
In his role, Mr. Facey is tasked with developing the capability within Oliver Wyman Actuarial’s European practice to meet the diverse needs of carriers, including reserving, pricing, capital model creation and validation, technology, business planning, actuarial and finance transformation, and transaction ambitions. This initiative will enhance support for clients across both the UK and continental Europe, collaborating closely with Oliver Wyman’s market-leading management consulting practice and leveraging the collective strengths of the Marsh McLennan group, which includes Marsh, Guy Carpenter, and Mercer.
Mr. Facey brings more than 23 years of actuarial experience across the European P&C and technology sectors, advising a broad range of insurance companies and Lloyd’s of London syndicates. He specializes in actuarial technology, advisory and strategy. As a senior leader, Mr. Facey spent a majority of his career at Willis Towers Watson where he played a pivotal role in accelerating its growth in London and the Middle East.
Mr. Facey said: “Having built a career dedicated to delivering exceptional value to clients in a rapidly changing business environment, I am delighted to join Oliver Wyman Actuarial to broaden our European offering and drive advancements in actuarial services. Our accomplished teams, in conjunction with Oliver Wyman’s insurance and asset management practice, creates a powerful platform for providing high-quality, independent advice that empowers clients to navigate challenges and creates an environment where their actuaries can truly excel.”
Dan Gibson, Global P&C Practice Leader, added: “Following last year’s successful launch of Oliver Wyman Actuarial’s UK practice, we are excited to welcome Matt to lead our European P&C capability. His extensive experience in the UK and European markets will be vital in strengthening our European actuarial practice and assisting clients in navigating a dynamic landscape and evolving regulatory requirements.”
Oliver Wyman Actuarial is a specialist business within the Oliver Wyman Group, providing actuarial services to insurers, investors, healthcare providers, corporates, and other clients. Oliver Wyman Actuarial collaborates with the management consulting team within Oliver Wyman, in particular the insurance and asset management practice which provides management consulting services to the same client base. The combination of management consulting, actuarial expertise, and access to insights from across Marsh McLennan, makes Oliver Wyman uniquely placed to serve the needs of insurance sector clients.
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