Oliver GillespiePrincipal
 FIA, MSC, MA

Professional designations

  • Fellow, Institute of Actuaries (1999).
  • Life Actuary Practising Certificate (including with-profits) as issued by the Institute of Actuaries.
  • Actuarial Function Holder, acting as the reviewing actuary on a number of UK life companies.
  • Oliver has served on the Institute of Actuaries' Supervision Committee – a sub-committee of the Life Board.

Current responsibility

Oliver is a principal at Milliman's London life insurance practice and has been with Milliman since April 2004. He previously worked as a principal consultant in the Actuarial and Insurance Management Services department of PricewaterhouseCoopers. Oliver was elected a principal at Milliman in 2006. Oliver is a Fellow of the Institute of Actuaries, having qualified in 1999.
 

Experience

For more than 15 years, Oliver has focused on consulting to life assurance companies in the United Kingdom, Europe, and Asia. Oliver has led a wide variety of projects regarding the merging and acquisition of all types of financial services companies and in the restructuring of with-profits, non-profit, and unit-linked blocks of business. As a result, Oliver has a wide range of experience in strategic reviews, detailed due diligence and issue identification, liability and fund restructuring, working with regulators, and high-level modelling.

Oliver is Actuarial Function Holder for Invesco Perpetual Life Limited and Combined Insurance and has in the past held a number of other such positions. He has also fulfilled a number of statutory roles as Independent Expert, Expert Witness, Reviewing Actuary and external peer review for a variety of companies. He has been involved in many of the major transactions of recent years.

Outside these roles Oliver has been involved in a wide variety of work with the with-profits funds of UK insurance companies. In particular, he has led projects in the analysis of the possible structures for open and closed blocks of business and of possible ways in which capital support can be provided. Thus he has gained a deep working knowledge of the issues involved with the management of ongoing with-profits business and the orderly run off of closed funds across a diverse range of circumstances and wide range of funds.

Oliver has been engaged to provide guidance and assistance to clients in the UK and Europe on the upcoming changes due to the introduction of Solvency II. He has also worked with a wide range of companies on the production of their individual capital assessments for submission to the FSA. Oliver has worked with UK regulators whilst on secondment at the FSA, producing high-level individual capital guidance for an insurance scheme.

Whilst at PwC, Oliver was involved in a wide range of work, including advising on life company acquisitions in Europe and Japan, and providing advice to lawyers and expert witnesses in major court cases.
 

Education

  • MA and MSc, Mathematics, Exeter College, Oxford University
 
CONTACT INFORMATION
Oliver  Gillespie 

Office: London

Phone: +44 20.7847.1500