The posting
Company:
Oliver Wyman
Description:
Company Overview
Oliver Wyman’s Property & Casualty Actuarial Consulting Practice works with a diverse portfolio of clients, including large corporations, captive insurance companies, state regulators, and P&C insurance companies. Our consultants analyze complex challenges and develop practical solutions for clients across the insurance market.
Position Summary
Oliver Wyman Actuarial (OWA) is seeking a Partner to lead the establishment, development, and growth of its North American P&C loss reserving business, while leveraging an established presence and relationships in South America and collaborating with existing leadership in the Islands Region to accelerate regional growth in those markets.
This is a strategic business-building role requiring a combination of entrepreneurial leadership, deep actuarial expertise, commercial acumen, and the ability to develop and scale a differentiated advisory business. The Partner will be responsible for defining the North American market strategy, building a sustainable client portfolio, developing talent and delivery capabilities, and positioning OWA as a leading advisor on complex reserving and related insurance challenges.
The role will also leverage the Partner's established South American market presence to sustain and expand opportunities in that region, while working closely with Islands leadership to identify and pursue opportunities across the insurance and reinsurance markets.
Success will be measured by the ability to establish a scalable and commercially successful North American reserving practice, generate sustainable growth across the relevant markets, and contribute to OWA's broader strategic and commercial objectives.
Primary Responsibilities
North American Business Establishment and Growth
- Lead the establishment and scaling of OWA's North American Insurance P&C loss reserving business, defining its strategic direction, commercial priorities, market positioning, and long-term growth objectives.
- Develop and execute a comprehensive go-to-market strategy, identifying priority client segments, target accounts, differentiated service offerings, and opportunities to build a sustainable market presenc.
- Originate new client relationships and significant advisory engagements, building a diversified and profitable portfolio of business.
- Establish the commercial, technical, and organizational capabilities necessary to support sustainable growth, including talent development, delivery infrastructure, and scalable operating models.
- Take accountability for the financial and commercial performance of the North/South American reserving business, including revenue growth, profitability, pipeline development, and long-term business sustainability.
Regional Growth and Cross-Market Collaboration
- Leverage established relationships, market knowledge, and professional networks in South America to sustain and expand OWA's actuarial advisory business in the region.
- Partner closely with OWA's Island’s leadership to identify and pursue growth opportunities, strengthen strategic client relationships, and expand the firm's presence in the Islands insurance and reinsurance markets.
- Identify and capitalize on cross-border opportunities involving insurers, reinsurers, and multinational insurance groups operating across North America, South America, and the Islands Region.
- Foster collaboration across regional teams and the broader Oliver Wyman organization to deliver integrated solutions and strengthen OWA's regional market positioning.
Strategic Client and Commercial Leadership
- Build and maintain trusted relationships with senior insurance and reinsurance executives, including Chief Actuaries, CFOs, CROs, CEOs, and other key decision-makers.
- Serve as a senior strategic advisor on complex reserving, financial, capital, and risk-related matters, translating actuarial insights into actionable business recommendations.
- Originate and lead significant client opportunities, expanding OWA's presence within strategic accounts and establishing long-term advisory relationships.
- Leverage capabilities across actuarial, capital, risk, finance, transactions, and transformation to develop differentiated solutions and create broader commercial opportunities.
- Strengthen OWA's market visibility and reputation through industry engagement, thought leadership, and the development of distinctive perspectives on emerging reserving challenges.
Innovation and Service Offering Development
- Define and advance a differentiated P&C loss reserving proposition that addresses evolving client needs and strengthens OWA's competitive position.
- Champion the modernization of reserving services through advanced analytics, automation, artificial intelligence, and emerging technologies.
- Develop innovative advisory offerings, methodologies, and delivery models that enhance client value, support scalability, and create new opportunities for growth.
- Anticipate industry developments and translate market insights into intellectual capital, new service offerings, and strategic client opportunities.
Practice and Talent Leadership
- Build and develop a high-performing North American actuarial team, establishing the leadership, technical capabilities, and talent pipeline required to support long-term growth.
- Recruit, mentor, and develop actuarial professionals, cultivating future leaders with strong technical, commercial, and client advisory capabilities.
- Establish a collaborative, high-performance culture that promotes innovation, professional excellence, accountability, and entrepreneurial thinking.
- Work across geographic markets and practices to leverage existing capabilities, share expertise, and develop an efficient, scalable delivery model.
- Contribute to the broader leadership, strategic direction, and success of Oliver Wyman Actuarial.
Client Impact and Technical Stewardship
- Provide senior-level strategic oversight on complex and high-profile reserving engagements, ensuring actuarial rigor, professional integrity, and meaningful client impact.
- Serve as a senior technical authority and trusted advisor on significant reserving judgments, reserve uncertainty, and related financial and risk implications.
- Establish and uphold high standards of technical quality, client service, governance, and professional practice.
- Empower engagement leaders and teams to deliver consistently high-quality work while maintaining accountability for client outcomes and relationships.
Qualifications and Experience
- Fellow of the Casualty Actuarial Society (FCAS) or equivalent internationally recognized actuarial qualification.
- Extensive experience in P&C actuarial consulting, insurance, or reinsurance, with deep expertise in loss reserving and related financial and risk considerations.
- Demonstrated success in developing actuarial advisory businesses, originating client opportunities, and building profitable, long-term client relationships.
- Established relationships and market credibility within the South American insurance and reinsurance industry, with the ability to leverage these relationships for continued regional growth.
- Strong understanding of the North American P&C insurance market and the commercial and technical requirements for establishing a successful actuarial consulting business.
- Ability to collaborate effectively with established regional leadership, particularly in Bermuda, to pursue shared commercial opportunities.
- Proven ability to recruit, develop, and lead high-performing teams and build scalable professional services capabilities.
- Strong commercial judgment, entrepreneurial mindset, and ability to translate technical expertise into differentiated market offerings.
- Demonstrated commitment to innovation, including the application of advanced analytics and emerging technologies to actuarial services.
Measures of Success
The Partner's success will be evaluated against the following strategic outcomes:
- North American practice establishment: Successful development of a credible, differentiated, and scalable P&C loss reserving business with a growing client base, strong talent capabilities, and sustainable economics.
- Commercial growth: Generation of new revenue, development of a robust business pipeline, expansion of strategic client relationships, and achievement of agreed financial objectives.
- South American growth: Continued development of business opportunities and client relationships, leveraging the Partner's established market presence and networks.
- Island’s region collaboration: Effective partnership with existing Bermuda leadership, resulting in stronger client relationships, cross-market opportunities, and incremental business growth.
- Market differentiation: Development of innovative reserving capabilities, thought leadership, and differentiated advisory offerings that strengthen OWA's competitive position.
- Organizational leadership: Development of a high-performing team, scalable operating model, and future leadership pipeline supporting the long-term growth of the business.
Oliver Wyman is a business of Marsh (NYSE: MRSH), a global leader in risk, reinsurance and capital, people and investments, and management consulting, advising clients in 130 countries. With annual revenue of over $27 billion and more than 95,000 colleagues, Marsh helps build the confidence to thrive through the power of perspective. For more information, visit oliverwyman.com, or follow us on LinkedIn and X.
The Actuarial Practice of Oliver Wyman, a Marsh business, advises clients across a broad spectrum of risk management issues. We are a rapidly growing group with offices expanding across the globe. Our actuaries hold the highest professional qualifications and are nationally recognized as experts in their field(s). We use mathematical and statistical modeling skills and our qualitative assessment methodologies to assist clients in evaluating and addressing risk. Our solutions help clients manage and prepare for the potential financial consequences of uncertain future events. We bring a combination of broad-based expertise with specialized knowledge of specific risks, allowing us to provide independent, objective advice in the three primary areas of risk: healthcare, life and annuity, and property and casualty.
Marsh is committed to providing an inclusive work environment. We aim to attract and retain the best, most qualified people and value colleagues of all backgrounds, without regard to age, background, disability, ethnic origin, family duties, gender orientation or expression, marital status, nationality, parental status, personal or social status, political affiliation, race, religion and beliefs, sex/gender, sexual orientation or expression, skin color, or any other characteristic protected by applicable law.
Marsh is committed to hybrid work, which includes the flexibility of working remotely and the collaboration, connections and professional development benefits of working together in the office. All Marsh colleagues are expected to be in their local office or working onsite with clients at least three days per week. Office-based teams will identify at least one “anchor day” per week on which their full team will be together in person.
