Hedging

With experience in managing one of the largest derivatives positions in the insurance industry, Milliman's hedging-services team is able to offer clients substantial advantages. These advantages include pricing from dealers that recognises our scale as well as extraordinary breadth in dealer and instrument coverage.

We have assembled an exceptional group of traders, quantitative finance experts, capital markets specialists, risk managers, actuaries, operations specialists and technologists to deliver the skills and expertise of a leading capital markets firm.

We are skilled users of Milliman’s market-leading MG-Hedge® software and enable our clients to employ the most sophisticated hedging techniques from the very first day of their programmes. Furthermore, we evolve our methods to continually work at the forefront of best practices.

Milliman’s hedging team is immersed in the derivatives markets all day, every day, gaining insight into value and sharpening our focus on risk management. We are distinguished by our adherence to Milliman’s principles of independence, and as a consequence do not trade a proprietary book. More broadly, we strive to tightly align our incentives with our clients’ objectives.

Our services include:

  • derivatives execution
  • operations support
  • performance attribution

Results—rapid program launch, better risk control, reduced costs

Milliman has a successful record of supporting some of the biggest and most complex dynamic hedging programs in the industry. We have enabled numerous clients to rapidly roll out and manage risk in today’s increasingly sophisticated insurance products. We also have used our hedging acumen to manage turnarounds in major programmes for which we have taken responsibility.

Practice Leaders

US Contacts

Kelkar Ram

Ram Kelkar

Principal, Managing Director, Financial Risk Management, Capital Markets

Ram Kelkar is a principal and managing director, and heads up the Capital Markets and Trading Group of Milliman's Financial Risk Management Practice (FRM). He manages the teams in Sydney, London, and Chicago that trade equity and other...

Nandi Sam

Sam Nandi

Principal, Consulting Actuary

Sam leads the actuarial team within Milliman's Financial Risk Management practice in Chicago. He has played a major role in the development of Milliman's MG-Hedge platform and its implementation for many leading life insurers and reins...

Practice Leaders

International Contacts

Rikiya Ino

Rikiya Ino

Principal and Managing Director, FRM Insurance Services

Rikiya Ino joined Milliman’s Tokyo office in February 2001. He is responsible for providing financial risk management services, including pricing, hedging, and reinsurance of variable annuity minimum guarantee. He also supports m...

Matterson Wade

Wade Matterson

Practice Leader

Wade is a principal and leads Milliman’s Australian practice. He joined the firm in 2004 and is responsible for Milliman’s Australian operations. Wade also supports Milliman’s retirement and risk management initiatives across the Asia-...

Dissanayake Neil

Neil Dissanayake

Principal and Director of European Trading

Neil is director of European trading for Milliman’s Financial Risk Management practice, and has been with Milliman since 2006.

Resources

Milliman hedging resources

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