Holland’s Actuac, Japan’s IIC Partners Join Milliman Global

January 22, 2004

Seattle-based Milliman Global, an organization of independent, international consulting firms, announced that the Netherlands’ Actuac and Japan’s IIC Partners have joined its roster of international consulting associates.

“Each firm is a leading employee benefits consultancy in its respective market,” said the announcement, “and thus brings additional resources and expertise to the organisation, its members and their clients.”

Milliman Chairman Bob Collett commented: “We are very excited about these additions. The ability to offer enhanced employee benefits resources to clients in these countries is a huge strategic advantage for our member firms. We are looking forward to working on collaborative projects with these two firms.”

Actuac, based in Woerden, Netherlands, works exclusively in the area of pensions and employee benefits. The firm was founded in 1987 and currently has six actuaries and consultants on staff. In 2003, AJB – the former Milliman Global member firm in the Netherlands – merged with Actuac. “Joining Milliman Global provides us with tremendous resources in serving our clients’ international needs,” stated Mr. Gert Heuvelman, Actuac’s Managing Director. “We are looking forward to a long and fruitful relationship with all of the other Milliman Global member firms.”

“IIC Partners Co., Ltd., the first independent pension consulting firm in Japan, offers a full range of actuarial valuation, consulting, and benefits accounting services to Japanese companies, thus providing a strategic complement to the Milliman Japan office in Tokyo, which serves clients in the insurance industry, said the announcement.

“This connection with IIC Partners through Milliman Global will allow us to broaden our contacts in the Japanese market,” stated Steve Conwill, Managing Principal of the Milliman Japan office. Mr. Yoshimasa Nakamura, the President of IIC Partners, added, “We have worked with the Milliman Japan consultants in the past, and are very happy to solidify that working relationship through the Milliman Global organisation.”

Currently, Milliman Global member firms have more than 100 offices in 30 countries and territories, employing over 2,800 people with a combined fee income of approximately U.S. $432 million.

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