Oliver Wyman Welcomes New Actuarial Leader for Life Insurance

Oliver Wyman has engaged Benjamin L. Alter as a partner in its actuarial life division, situated in New York.

In this pivotal role, Alter will extend his expertise to life insurers, reinsurers, and investors, focusing on critical areas such as capital management, actuarial considerations, and strategic financial decisions that influence balance sheet performance. With his robust skill set, which includes offshore reinsurance and asset liability management, Alter is poised to lead clients through complex terrains involving capital optimization and actuarial due diligence.

Industry Impact of Key Appointments

Alter's appointment comes as the insurance sector increasingly emphasizes actuarial expertise to navigate financial complexities. His transition from EY, where he was a managing director, places him at the forefront of actuarial innovation. At EY, Alter led strategic finance projects and spearheaded actuarial efforts in mergers and acquisitions, underscoring the importance of actuarial expertise in today's competitive landscape.

Career Journey and Expertise

Before EY, Alter’s extensive career included significant roles such as chief actuary at Mount Logan Capital and a tenure at Prudential Financial, where he managed Gibraltar Re and Lotus Re in Bermuda. His experience spans globally, including leadership roles at Chubb in London and AIG in Singapore and New York. This multinational experience equips Alter with a unique perspective on global insurance trends and challenges.

Professional Qualifications

Alter’s credentials reflect his dedication to excellence in the actuarial field. He holds several designations: CFA charterholder, Fellow of the Society of Actuaries, member of the American Academy of Actuaries, and Chartered Enterprise Risk Analyst. These qualifications ensure he brings a wealth of knowledge and a comprehensive understanding of risk and financial management to his new role.

Oliver Wyman's strategic choice in welcoming Benjamin L. Alter highlights a commitment to actuarial excellence and strategic foresight, crucial for meeting the evolving demands of the insurance sector.