Opening of New York office

Tuesday, 25 March 2008 16:25

Barrie & Hibbert expands to the United States

Barrie & Hibbert, market leading financial risk consultants and global provider of economic capital management expertise, today announces the opening of its first office in North America.

The New York office opening follows an active development period by the company in the region, with its US client base growing rapidly, including new mandates from major US-based groups such as AIG, Genworth and others.

Barrie & Hibbert’s innovative financial modelling software is used by around two thirds of the European insurance industry and is increasingly used by major international financial services organisations in insurance, banking, pensions and wealth management.

Barrie & Hibbert has been active in North America for a number of years, particularly through the US businesses of European insurance multinationals, and the office opening reflects the company’s commitment to enhancing its services to clients in the region.

Craig Turnbull, Senior Consultant and UK actuary at Barrie & Hibbert’s office in Edinburgh has moved to New York to head the team in US. Craig has been heavily involved in developing Barrie & Hibbert’s global insurance modelling and consulting services over the last five years and contributing to the UK actuarial profession’s research over that period.

Barrie & Hibbert Chief Executive, David Macmillan, said:

“Barrie & Hibbert is already a market leader in the UK and European markets, and, while we have been servicing clients in North America for some time now through our offices in Edinburgh, we felt it was time to further demonstrate our commitment to our clients in this expanding market with this office opening. We will shortly be announcing additions to our New York team, and look forward to building on our existing client base and working on new mandates.”

Barrie & Hibbert is based in the UK and US with clients in Europe, North America, Africa and the Far East.