Milliman Opens Bermuda Office To Formalize Presence on the Island

Global actuarial and consulting firm Milliman, Inc., has opened an office in Bermuda in response to increased demand for insurance consulting and technology support on the island.

In a statement, Milliman noted that it has long worked with companies operating in Bermuda as well as global clients with interests on the island.

"We are excited to officially announce the opening of Milliman's Bermuda office," Milliman Chairman Ken Mungan said in the statement. "Under the leadership of Su Meng Lee, the office will provide insurers and other risk-bearing entities with the expertise to support their Bermuda operations."

Ms. Lee and her team will continue to work closely with Milliman's other offices around the world as they look to provide services to the increasingly diverse insurers based in Bermuda, the company said.

"Clients often look to Milliman to achieve their strategic objectives in this rapidly evolving market," Ms. Lee said. "The Bermuda office allows us to better serve our clients and provides expanded collaboration opportunities. I'm excited to be spearheading this effort."

Ms. Lee is a principal at Milliman with more than 15 years of consulting experience. She has extensive experience in life insurance mergers and acquisitions and reinsurance, including offering strategic advice to clients on the opportunities that Bermuda offers in conjunction with any transactions. She is also experienced in helping clients navigate Bermuda-related reserve and capital issues and in evaluating, establishing, and managing new entities.