WTW has appointed Nicholas Carbo (pictured above) as senior director in its Insurance Consulting & Technology (ICT) business.
Carbo previously served as Individual annuity chief financial actuary at Corebridge Financial, where he was responsible for annuity assumption governance, experience studies, forecasting, reinsurance analysis, and overseeing valuation and pricing.
Before that, he was senior principal at Oliver Wyman, advising re/insurance companies on annuities, mergers and acquisitions, and Bermuda reporting. He is a fellow of the Society of Actuaries and a member of the American Academy of Actuaries.
Based in Florida, Carbo will work with clients on annuity product development and pricing, modeling, assumption development, reinsurance, and M&A activity.
“We are thrilled to welcome Nick to WTW. His deep industry expertise is a great addition to the team and we are excited to see what we can accomplish together,” WTW senior director and North American life division leader, Insurance Consulting & Technology Karen Grote said.
Carbo’s appointment follows a series of leadership changes within WTW’s ICT division. The business recently added Gary Finkelstein as senior director in London, supporting transaction, structuring and advisory services.
In late 2024, WTW also brought back Grote to lead the North America life practice line of business, a move that saw her working alongside Mary J Bahna-Nolan, who joined earlier in the year.
Two other appointments will join the ICT team this summer. Poojan Shah will serve as director after his tenure at PwC, where he advised clients on reinsurance structuring, M&A transactions, actuarial and finance modernization, and regulatory compliance in both US and international markets. He will be based in Chicago and focus on M&A, modernization efforts, actuarial valuations, and advanced modeling.
Erika Dochney will become associate director, joining from Lincoln Financial Group, where she specialized in annual mortality experience studies and reporting. She previously led product development at Haven Technologies, formerly known as Haven Life. Based in Philadelphia, Dochney will concentrate on life insurance product pricing, underwriting, and assumption development.
Beyond personnel changes, WTW has signaled a strategic shift in its business growth approach. Following what it described as strong 2024 financial performance, the company has indicated it will target smaller, more easily integrated acquisitions, particularly in the middle market.
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