Bharat Raj Appointed Head of London Markets at Leading Actuarial Consultancy OAC
- Written by: iPMI Global
Actuarial consultancy OAC (part of the Broadstone Group) announces the appointment of highly experienced actuary Bharat Raj as Head of London Markets.
Bharat joins OAC’s Non-Life division to drive its continued growth in supporting the General Insurance market. OAC delivers technical and professional support covering a wide range of specialist areas including reserving, commercial and retail pricing, capital modelling, reporting, and enterprise risk management.
Bharat will take responsibility for OAC’s Lloyd’s and London Markets division, leading a team of actuarial, risk, finance and modelling experts to deliver market-leading solutions to OAC’s clients in this market segment. He will also oversee OAC’s software and intellectual property development initiatives in the division.
Bharat has a BSc with first class honours from the London School of Economics and an MSc with Distinction from the Cass Business School (now Bayes Business School). Bharat has also spent the last two decades working within the insurance market in various actuarial, risk, finance and modelling roles.
He joins OAC from his role as Associate Director at Grant Thornton, and has also previously worked at Munich Re, Liberty Mutual, ACE (now Chubb), Towers Perrin (now WTW) and Royal & Sun Alliance.
Bharat’s appointment follows Kathryn Moore who joined OAC in October as Head of Personal Lines demonstrating OAC’s commitment to outstanding service in the Non-Life Consulting market. Alongside Graeme Charters, Head of Non-Life Consulting, Bharat and Kathryn will drive OAC’s significant growth ambitions in this sector.
OAC is a leading actuarial consultancy with a dedicated team of leading actuaries and financial services consultancy experts who have been helping companies and individuals with their finance, actuarial and risk management needs for over 30 years. It has specialist teams covering a wide range of sectors and specialisms including life, health and general insurance, pensions, banking, wealth management, investments and remediation.
Darren Richards, Chief Executive Officer at OAC, commented, “Bharat is a highly experienced actuary and Non-Life insurance specialist. He will bolster OAC’s proposition considerably, especially within the Lloyd’s and London market as we continue to grow and expand into different verticals. With Broadstone’s backing, OAC is at an exciting inflection point and we are excited to have Bharat on board to support this growth journey.”
Bharat Raj, Head of London Markets at OAC, said, “I am very excited to join OAC and to be part of its next phase of growth. OAC has an established presence in the consulting market and has a strong reputation for reliability, quality and innovation.
“I am looking forward to taking OAC’s unique and personable approach to consulting into the Lloyd’s and London Market. The general insurance industry is dealing with many complex challenges including heighted geopolitical risk, macro-economic uncertainty, the impact of climate change and the impact of artificial intelligence on society and the industry. I look forward to bringing my experience to help new and existing clients navigate this complex environment.”
