Neil currently manages the daily capital markets activity for a number of clients with European exposures utilizing our hedge support services.

He executes risk re-balancing on a variety of variable annuity books for delta, rho, equity vega and interest rate vega exposures. This includes use of futures, forwards, interest rate swaps, equity variance swaps, equity/FX options and interest rate swaptions.

He is also responsible for production and review of periodic P&L, performance attribution and hedge commentary reports for European hedge programs.

Neil has also been actively involved in a wide range of client assignments for UK and European financial institutions. During his four years at Milliman, Neil has developed significant experience in:

• Implementation of dynamic hedge programs (valuation, capital markets, and reporting).
• Hedge design analysis for variable annuity products.
• Assessment of the profitability and capital requirements of guarantee products, using a variety of models (including nested stochastic investigations) and on a variety of reporting bases (including UK/Irish/US GAAPs and Solvency II).
• Establishing reserving, capital and profit recognition methodologies for guarantee products.
• Compilation of new product submissions for the Irish Financial Services Regulatory Authority.
• Market consistent pricing of guarantee products and their sensitivities.

Before Milliman

Neil has more than eight years experience in the insurance industry, becoming a Fellow of the Institute of Actuaries in 2005.

Prior to joining Milliman, he spent time at Legal & General, where he managed the stochastic valuation of guaranteed annuity options on a variety of reporting bases. He also worked for the statutory valuation team, where he was responsible for setting company level statutory reserves.