Consulting and actuarial firm Milliman has opened a new office in Tel Aviv, Israel to expand its operations in the Middle East.
The new office will deliver a range of insurance and actuarial consulting services and will be headed by Benny Gabbay and Daniel Sharon.
Gabbay is a known figure in the Israeli insurance industry while Sharon was chief actuary of Phoenix Insurance until recently.
Milliman CEO Steve White said: “Milliman continues to expand into new regions amid increasing demand for the firm’s services across the Mideast and the world. Israel is recognised as a leading force in insurance innovation and we believe Milliman’s creative culture is well-suited to the Israeli environment.”
Nick Dumbreck, a principal with Milliman in London, stated: “Israel has a growing insurance market which faces a number of challenges. The Milliman Israel office will bring independent consulting together with our global quality standards to help clients to meet these challenges.”
Milliman, established in 1947, has consulting practices in healthcare, property & casualty insurance, life insurance and financial services, and employee benefits.