SIGMA Actuarial Consulting Group Inc. in Brentwood, Tenn., has named Lloyd Kelley director of strategic consulting for its new Risk Retention Model service.
The service provides financial statement forecasts to risk-bearing entities such as captive insurers, pools, trusts and small insurance companies.
Mr. Kelley was previously the managing director of the Willis Captive Actuarial and Pooling Solutions organization in Nashville.
He also spent eight years with Willis Advance Risk Management Services in the research and development division as senior financial analyst and eventually managing director.
As ARMS managing director Mr. Kelley established the U.S. captive management operation for Willis in Vermont.
Mr. Kelley said, "The Risk Retention Model moves decision-making beyond the income statement because it measures the impact and variability on the entire future financial structure of the entity."
SIGMA said it anticipates that the Risk Retention Model service will be valuable to companies who want a broader and more quantified understanding of how possible operational changes will affect retention level, reinsurance, dividend policy, pricing structure and other factors.
SIGMA Actuarial Consulting Group Inc. provides actuarial services to government entities, associations, self insureds and commercial insureds in a wide variety of industries throughout the country.
Specializing in workers' compensation, automobile liability, general liability and products liability, SIGMA produces graphical analyses it promises are easy to read and understand, and "free of actuarial jargon."
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