OLIVER WYMAN OPENS NEW ACTUARIAL OFFICE IN HONG KONG AND APPOINTS MARCO WARMELINK AS HEAD OF ASIA PACIFIC ACTUARIAL PRACTICE
Oliver Wyman, a global management consulting firm and a business of Marsh McLennan (NYSE: MMC), announced the launch of a new actuarial practice in the Asia Pacific region, aimed at serving its expanding client base.
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Rhea-AI Summary
Oliver Wyman, a global management consulting firm and a business of Marsh McLennan (NYSE: MMC), announced the launch of a new actuarial practice in the Asia Pacific region, aimed at serving its expanding client base. Marco Warmelink will lead this new team from Hong Kong, bringing over 25 years of life insurance industry experience. This strategic move is expected to enhance Oliver Wyman's offering in the region and bolster its growth trajectory.
Positive
- Establishment of new actuarial practice in Asia Pacific, signaling expansion and growth.
- Appointment of Marco Warmelink, an experienced leader with over 25 years in the industry, likely to enhance service quality.
Negative
- None.
Details
News Market Reaction – MMC
The recorded move for MMC in the trading session of this news was +0.33%.
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NEW YORK, Oct. 4, 2022 /PRNewswire/ -- Oliver Wyman, a global management consulting firm and business of Marsh McLennan (NYSE: MMC), announced today the establishment of a new actuarial practice in the Asia Pacific region and that Marco Warmelink, based in Hong Kong, will lead the team.
"This represents a key milestone in growing our global actuarial practice. We see Asia as an important opportunity to serve our expanding client base, including companies with an existing presence in the region and those that have recently expanded into Asia or plan to do so. We're proud of our continued growth and consistent, high-quality service to our clients, and are looking forward to the contributions Marco Warmelink will bring to our team," said David Weinsier, US Insurance Actuarial Practice Leader, Oliver Wyman.
"I'm honored and excited to join Oliver Wyman and to lead the Asia Pacific actuarial team," said Marco Warmelink, Partner and Asia Pacific Actuarial Practice Leader. "We're looking forward to bringing deep industry knowledge and specialized expertise to Oliver Wyman's clients and partnering with them to deliver sustainable, profitable growth."
Marco Warmelink has more than 25 years of experience in the life insurance industry, with over 18 years in the Asia Pacific market. Before joining Oliver Wyman, Warmelink was a Partner at KPMG in Hong Kong, where he grew a large actuarial team covering Hong Kong and China. Prior to working at KPMG, he held several senior executive roles, including Chief Risk Officer for ING. Warmelink holds a master's degree in Actuarial Science from the University of Amsterdam. He is a Member of both the Dutch Actuarial Society ("AAG") and the Hong Kong Actuarial Society.
Oliver Wyman is a global leader in management consulting. With offices in more than 70 cities across 30 countries, Oliver Wyman combines deep industry knowledge with specialized expertise in strategy, operations, risk management, and organization transformation. The firm has more than 6,000 professionals around the world who work with clients to optimize their business, improve their operations and risk profile, and accelerate their organizational performance to seize the most attractive opportunities. Oliver Wyman is a business of Marsh McLennan [NYSE: MMC].
For more information, visit www.oliverwyman.com. Follow Oliver Wyman on Twitter @OliverWyman.
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SOURCE Oliver Wyman
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