Milliman, Inc., a premier global consulting and actuarial firm, announced that it will begin operations in Sri Lanka after an agreement to acquire Colombo-based Spark Actuarial Private Limited came into effect today.
The new Milliman office support local and international clients with the firm’s full range of actuarial services.
“Asia’s economic growth has led to a substantial demand for actuarial and consulting services in the region,” says Milliman CEO and President Steve White
With its entrance to Sri Lanka, Milliman now serves the region through offices in 13 key Asia-Pacific cities.
“The establishment of a team in Sri Lanka is another step in our journey to increase the depth and breadth of our service offering in Asia.” Milliman – South East Asia & India, Managing Director, Richard Holloway added.
Milliman also announced that Spark Actuarial and Risk Consultants, Founder and Chief Executive Officer, Milanthi Sarukkali is joining Milliman along with the rest of her team
“I’m looking forward to our new journey with a trusted global brand like Milliman. I believe Milliman will provide existing clients with more holistic support while the talented team at Spark will now have access to a wider global network with more avenues for growth,” ,” Sarukkali said.
Milliman is among the world’s largest providers of actuarial and related products and services. The firm has consulting practices in healthcare, property & casualty insurance, life insurance and financial services, and employee benefits. Founded in 1947, Milliman is an independent firm with offices in major cities around the globe.