Client Assignment - Genworth Financial

 

Genworth Financial - Intra-group transfer of creditor protection business

Project Design & Management of Part VII Insurance Business Transfer


Advising the European Controller and Appointed Actuary with a remit to manage and co-ordinate the Finance aspects of the transfer of creditor protection business within the Group – also including Tax, Investment, Regulatory, Legal & Actuarial aspects. The role required intensive management of a wide range of businesses across Europe, liaison with the US parent and complex technical issues which required close collaboration with a range of professionals. The Group structure was highly complex & global, spanning many different countries and, therefore, regulatory, accounting & tax regimes.

 

Client Comments

Mike Wilkinson, Director & Chief Actuary, Genworth Financial

 

“We undertook a sizeable & complex business transfer project and needed to accelerate progress in one especially challenging technical area. I recommended Avanti Consulting who were called in to fast-track a solution under considerable time & resource pressure. They quickly assimilated the complex issues, effectively reduced our risk exposure & successfully delivered on time - an excellent all-round result."

 

Programme Manager, Genworth Financial

 

"Paul integrated himself into a complex team with lots of moving parts very quickly.  His quick and effective assimilation of disparate pieces of information from multiple individuals was particularly impressive. He had a relentless drive to overcome obstacles & when presented with internal resistance or unavailability, he calmly but persistently engaged the team until they made time.  He built and maintained clear and effective project plans and had the discipline to stick to them. His fair and balanced personal style made adhering to these plans the path of least resistance for people, thereby helping them focus on delivery."