KPMG in Bermuda has made Lourens de Coning director of financial risk management.

The firm said Mr de Coning has been pivotal in expanding KPMG in Bermuda’s life, annuity and health re/insurance capabilities, helping clients to address significant recent regulatory and accounting changes, unlock growth and manage risk with confidence.

His work spans both advisory and audit support across the life and health sector, including approved actuary engagements, reserving validation, product pricing, capital calculations, licence application support, independent expertise, governance and model risk management, and actuarial transformation.

A spokesman for the firm said Mr de Coning has played a key role in accelerating the growth of its dedicated life and health actuarial practice in Bermuda to complement its non-life actuarial practice.

“Under his leadership, the practice is expanding to meet strong client demand, supporting new advisory mandates and onboarding significant life and health audit engagements,” KPMG in Bermuda said. “A trusted adviser in the life and health market, Lourens works closely with regulators and industry bodies to help our clients achieve compliance and enabling growth.”

The chartered fellow actuary of the Institute and Faculty of Actuaries and a fellow of the Actuarial Society of South Africa is active in a range of KPMG working groups on technical topics and locally with Bermuda International Long-Term Insurers and Reinsurers and the Actuaries of Bermuda club.

He also regularly shares insights at local industry and at regional events.

KPMG actuarial partner Brian Morrissey said Mr de Coning’s promotion was well deserved.

“It recognises his leadership in the life and health sector and the impact he delivers for our clients,” Mr Morrissey said. “He has built a high‑performing life and health actuarial capability in Bermuda, which has further strengthened our KPMG Islands Group actuarial delivery capability.”

Mr Morrissey added that this has helped clients to navigate complex accounting and regulatory challenges.

“We are excited to see this momentum continue as we scale our teams and range of services across our Islands Group including Cayman, Caricom, the Crown Dependencies and Malta,” he said.