MGM appoints actuary Chris George

MGM Advantage has appointed Chris George as actuarial function holder and with-profits actuary.

George will report to chief financial officer Geoff Shanks.

George joins MGM from Watson Wyatt where he was a consulting actuary for more than 30 years advising life assurers across the UK, Europe and Asia Pacific on financial reporting and M&A transactions.

Chief executive Chris Evans says: “We are delighted that Chris is joining us at MGM Advantage.

“He has been working with us since 2004 and so he understands our business inside out and will strengthen our actuarial capability as we develop our business.

“He is very highly respected and experienced in the market and we are looking forward to using his knowledge to bring greater value to our members and services to our customers.”

George has co-authored several professional papers including “The Ownership of the Inherited Estate”, “Reserving for Annuity Guarantees” and “Fair Valuation of Liabilities”.

He has also worked for the FSA to develop the report entitled “The Future Regulation of Insurance” and has been a fellow of the Institute of Actuaries since 1985.

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