FRANCE - Watson Wyatt has formed a strategic alliance with Paris-based actuarial consulting and insurance and financial software firm Actuaris, with the aim of boosting its presence in the French market.
Simon Desrochers, managing consultant at Watson Wyatt’s Paris office, said the alliance only involved the insurance side of the firm’s business. However he added that the consultant was looking into expanding the alliance to include its pension and benefit consultancy practice in the future.
“Watson Wyatt already has a very strong practice on the benefits side, the Paris office has about 40 people altogether, in pension and HR,” he said. “Indeed we may be looking into this, but for now it’s not there yet.”
Watson Wyatt has been working with Actuaris over the last two years but the alliance was formalised today, Desrochers said. France is one of Europe’s largest insurance markets.
“Our alliance with a successful, large and rapidly growing insurance team enables us to become a leading player in France, a market in which we have had only a small presence until now,” said Philip Brook, global head of insurance and financial services consulting at Watson Wyatt. “This is an exciting opportunity for us as it further enhances our ability to offer seamless consulting services around the world to multinational clients.”
Pascal Mignery, president of Actuaris, added: “[The alliance] allows us and our clients to gain from Watson Wyatt’s international experience and knowledge, in many different areas such as non-life insurance, risk management, evaluation of shareholder value and M&A.”
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