STOCK TITAN

OLIVER WYMAN OPENS NEW ACTUARIAL OFFICE IN HONG KONG AND APPOINTS MARCO WARMELINK AS HEAD OF ASIA PACIFIC ACTUARIAL PRACTICE

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
management
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.

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.

About Oliver Wyman

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.

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/oliver-wyman-opens-new-actuarial-office-in-hong-kong-and-appoints-marco-warmelink-as-head-of-asia-pacific-actuarial-practice-301640942.html

SOURCE Oliver Wyman

FAQ

What is the significance of Oliver Wyman's new actuarial practice in Asia Pacific?

The new actuarial practice represents a strategic expansion for Oliver Wyman, allowing the firm to better serve its growing client base in the Asia Pacific region.

Who is Marco Warmelink and what is his role at Oliver Wyman?

Marco Warmelink is appointed as the head of the Asia Pacific actuarial practice at Oliver Wyman, bringing extensive experience to lead the new team.

When was the new actuarial practice established by Oliver Wyman?

The new actuarial practice was announced on October 4, 2022.

What experience does Marco Warmelink bring to Oliver Wyman?

Marco Warmelink has over 25 years of experience in the life insurance industry, including significant roles in the Asia Pacific market.

What are Oliver Wyman's future plans in the Asia Pacific market?

Oliver Wyman aims to leverage the new actuarial practice to enhance client services and capitalize on growth opportunities in the Asia Pacific region.

Marsh & McLennan Companies, Inc.

NYSE:MMC

MMC Rankings

MMC Latest News

MMC Stock Data

105.12B
490.61M
0.1%
90.64%
0.8%
Insurance Brokers
Insurance Agents, Brokers & Service
Link
United States of America
NEW YORK