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Demand brings Milliman to Bermuda

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Su Meng Lee: Milliman principal to lead new Bermuda office

Milliman Inc, the Seattle-based global consulting and actuarial firm, has opened an office in Bermuda.

The company said its expertise had long been relied upon by companies operating in Bermuda, as well as global clients with interests on the island.

In response to increasing demand for insurance consulting and technology support in Bermuda, Milliman will now offer a more formalised presence on the island.

Milliman chairman Ken Mungan

"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."

Milliman said it had the unique breadth and depth of expertise needed by insurers in Bermuda, including M&A expertise, financial reporting and approved actuary work, new entrant support, risk and capital management, outsourcing, predictive analytics, machine learning, and world-class technology and modelling capabilities to support all of these activities.

Ms Lee and her team will continue to work closely with Milliman's other offices around the world to provide the highest level of service to the increasingly diverse insurers based in Bermuda, the company said.

She said: "Clients often look to Milliman to achieve their strategic objectives in this rapidly evolving market.

"The Bermuda office allows us to better serve our clients and provides expanded collaboration opportunities. I'm excited to be spearheading this effort."

Ms Lee is a principal at Milliman with more than 15 years of consulting experience. She 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.

The company said she was also experienced in helping clients navigate Bermuda related reserve and capital issues and in evaluating, establishing and managing new entities.

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Published August 10, 2022 at 7:22 am (Updated August 10, 2022 at 7:35 pm)

Demand brings Milliman to Bermuda

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