Marsh-owned business snaps up ex-WTW leader as new London base established

Marsh McLennan-owned business Oliver Wyman has established a London-based presence for its actuarial practice.

The new City office will be led by Matthew Facey, who has joined the firm as a partner.

From London, he will work to strengthen the actuarial arm’s property and casualty (P&C) capabilities across Europe.

This will include developing strategies around reserving, pricing, capital models and validation, technology, as well as actuarial and finance transformation.

Facey said: “Having built a career dedicated to delivering exceptional value to clients in a rapidly changing business environment, I am delighted to join Oliver Wyman Actuarial to broaden our European offering and drive advancements in actuarial services.

“Our accomplished teams, in conjunction with Oliver Wyman’s insurance and asset management practice, creates a powerful platform for providing high-quality, independent advice that empowers clients to navigate challenges and creates an environment where their actuaries can truly excel.”

Experience

Facey brings more than 23 years of actuarial experience across the European P&C and technology sectors.

He joins from WTW, a firm he had worked at for over 13 years.

Most of his time was spent on accelerating growth in London and the Middle East.

Dan Gibson, global P&C practice leader at Oliver Wyman, said: “We are excited to welcome Facey to lead our European P&C capability.

“His extensive experience in the UK and European markets will be vital in strengthening our European actuarial practice and assisting clients in navigating a dynamic landscape and evolving regulatory requirements.”