Brentwood, TN — SIGMA Actuarial Consulting Group, Inc. (SIGMA) has named Lloyd Kelley its Director of Strategic Consulting. He will be directing the company’s new consulting service, Risk Retention Model, for providing financial statement forecasts to risk-bearing entities such as captives, pools, trusts and small insurance companies.
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 (ARMS), where he served in the Research and Development Division as senior financial analyst and eventually managing director. In this role, he established the US captive management operation for Willis in Vermont.
“Lloyd Kelley’s experience and innovation with captive and risk retention models is extensive,” said Al Rhodes, president of SIGMA. “He has both the analytical and business knowledge to help SIGMA develop and offer this new concept in financial modeling. We are very excited that Lloyd is joining our staff.”
A thirty-year professional in property and casualty insurance brokerage management, production and service, Kelley obtained his Bachelor of Science degree in business administration from Murray State and his Master of Arts in economics from University of Memphis. In addition to his years with Willis and its predecessor Corroon & Black, he also worked for Sedgwick and for Memphis agency Cook, Treadwell & Harry. He is a veteran of the U.S. Army.
“A typical analysis of an operational change often considers only the short-term effects on the income statement,” 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 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. is a casualty actuarial consulting firm located near Nashville, Tennessee. The company 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 prides itself in producing attractive graphical analyses that are easy to read, easy to understand, and free of actuarial jargon. SIGMA also supports its affiliate, Specific Software Solutions, in the development of ModMaster, Loss Forecaster and other software products for risk management and insurance professionals. For more information about SIGMA and its services, visit www.specificsoftware.com/sigma or contact Al Rhodes at 615/376-5110 x 202 or AL@sigmaactuary.com.
For more information regarding this release please contact: Kory Wells, 615/376-5110 x 206
Fax: 615/296-0404 – Email: firstname.lastname@example.org
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