Oliver Wyman Launches UK Actuarial Practice

London, August 17, 2023 – Oliver Wyman, a global management consulting firm and a business of Marsh McLennan (NYSE: MMC), announced that it has established an actuarial practice in the United Kingdom. To spearhead the effort, Colin Forrest has joined the firm as Partner and UK Actuarial Leader.

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 & 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, means that Oliver Wyman is uniquely placed to serve the needs of insurance sector clients.

In his new role, Colin is mandated to build out a market-leading actuarial practice in the UK serving the needs of Life insurers and P&C insurers. He will be based in Oliver Wyman’s London office.

A Fellow of the Institute of Actuaries, Colin was most recently CEO of Aon’s Strategy & Technology Group providing technology and advice to P&C, Life, and Health insurers globally. Prior to Aon, Colin was EMEA Regional Leader, Insurance Consulting & Technology at Willis Towers Watson, and earlier in his career was a Partner in Deloitte’s Insurance Actuarial Practice based in the UK and Switzerland.

Mick Moloney, Managing Partner Actuarial and Global Head of Insurance & Asset Management, Oliver Wyman, said: “The UK is one of the largest actuarial services markets globally with significant opportunity for us. Given our rapidly expanding continental European actuarial practice, the breadth and depth of our Americas operations, and our already market-leading UK management consulting business, we are delighted to have Colin join Oliver Wyman, and to serve the actuarial needs of our UK insurance clients.”

Mario Hoerig, Partner and Practice Leader Actuarial Europe, Oliver Wyman, added: “Colin’s experience and track record in the UK and across the wider European market will be instrumental in growing our European Actuarial platform, allowing clients to benefit from our market-leading capabilities across Europe. I’m thrilled to welcome Colin to the team; he joins us at exciting, yet challenging times, in which our clients face a very dynamic market environment, rapidly evolving regulatory requirements, and the need to increase the speed and flexibility of their actuarial and wider finance operations.”

Colin Forrest, Partner and UK Actuarial Leader, Oliver Wyman, added: “It’s the perfect time to be joining Oliver Wyman’s new UK-based actuarial practice. Our highly successful EMEA actuarial team, combined with our market-leading Insurance and Asset Management Practice, gives us the perfect platform to provide the high-quality, independent advice that clients need to navigate their current challenges and continue to have the best possible environment for their actuaries to thrive.”

Read more about Colin here.

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.