Milliman Acquires Life Strategies Actuarial Consultancy

The leading Irish actuarial firm's management and staff will remain intact under its new name of Milliman Ireland.

Seattle-based consulting and actuarial firm Milliman has acquired Life Strategies (Dublin, Ireland), an independent life actuarial consulting firm. The acquired company will be known as Milliman Ireland.

Life Strategies' clients are chiefly insurance companies, reinsurance companies, and other financial institutions, banks and major distributors, according to a Milliman press release. Life Strategies has domain expertise in the life insurance arena, both within the Irish domestic market and the cross-border industry from Ireland. The company provides actuarial advice and strategic consulting support.

"Life Strategies' position as the leader in its space among Irish consultants continues an important pattern for Milliman," comments Brad Smith, chairman, Milliman. "We have been able to successfully attract the best consultants, at least in part, because we offer them the opportunity to work on the most satisfying and rewarding client assignments."

Milliman's Ireland practice leader Dermot Corry, principal and consulting actuary foresees "enormous benefit" to the firm's clients as a result of the acquisition. "Milliman Ireland will continue to provide the high quality actuarial and strategic consulting services that have made Life Strategies the clear leader in the Irish market," Corry says. "In addition, with our colleagues in Milliman offices across Europe and the US, we will now have the ability to resource larger projects including mergers and acquisitions and initiatives across multiple countries."

Milliman Ireland will continue to be managed by the current management team, according to the firm's press release. All members of the current management and staff of Life Strategies will remain with Milliman Ireland.

Anthony O'Donnell has covered technology in the insurance industry since 2000, when he joined the editorial staff of Insurance & Technology. As an editor and reporter for I&T and the InformationWeek Financial Services of TechWeb he has written on all areas of information ... View Full Bio