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People & Social News

People and society news: April

Open-access content Wednesday 6th April 2022 — updated 8.17am, Thursday 7th April 2022
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The IFoA Foundation Fullerton-Long Caribbean Scholarship Fund

Two years ago, over some fine Jamaican rum, the idea of ‘paying it forward’ to the next generation of Caribbean actuarial talent took shape for Andrew Long, managing director at WTW and Norbert Fullerton, partner at Lane Clark and Peacock.

By the end of the evening, funding for two actuarial scholarships at their almer mater, the University of the West Indies (UWI), had been agreed; this eventually led to the selection of the first scholars – Jordan Ashman and Abigail McFarlane, two talented and ambitious Jamaicans.

A year later – this time over Guyanese rum – Andrew and Norbert decided to expand the programme, and the IFoA Foundation agreed to partner with them to award 20 worthy scholarships over a three-year period. Dana Reyes and Tyrese Clement from Trinidad and Tobago, and Kevon Kidd, Michel Spence and Stuart Powell from Jamaica, were awarded scholarships last October, and the IFoA Foundation must raise at least £14,000 to continue funding students in 2022 and 2023.

Dana shared her message of gratitude: “This scholarship removes the financial barrier that comes with being a student, allowing me time to focus on completing my final year at the UWI. Your generosity is inspiring, and I hope to one day impact another student’s life as you have done mine.”

The programme aims to give not just tuition funds, but also access to mentorship and the IFoA actuarial community, and links to internships and jobs. Around half is funded by Andrew and Norbert’s contribution, together with matched funding from the Foundation. The programme welcomes all contributions and invites support around mentoring, work experience and job opportunities.

“We are delighted to partner with Andrew and Norbert towards our aims around opening doors for the next generation and giving young people from all backgrounds the support they need to pursue an actuarial career,” said IFoA Foundation chair Kartina Tahir Thomson. “Andrew and Norbert’s passion and dedication is an inspiration!”

Please join us in ‘paying it forward’; details can be found at bit.ly/Fullerton-Long. We thank you in advance for your support.


What's on the web

On International Women’s Day, IFoA president Louise Pryor, former president Marjorie Ngwenya and
Lucy Saye discussed the opportunities and challenges facing female actuaries. bit.ly/DAG_ CelebrateFemale

Have you got your ticket for the IFoA Conference yet? Earlybird tickets are available until 22 April. bit.ly/IFoA2022

In a blog article, recruiter Paul Walsh discusses future global risks such as climate change. bit.ly/ActuariesClimate

In February, IFoA Council member Nick Spencer gave evidence to the House of Commons Environmental Select Audit Committee during its inquiry into how to align the UK’s economic goals with environmental sustainability. bit.ly/IFoABeyondGDP

Monica Garica explains how disability insurance can help those living with mental health conditions. bit.ly/MHinLife

Creating a diverse, equitable and inclusive workplace and profession takes leadership. Stephen Mann, CEO of the IFoA, writes about the work being done to embed diversity, equity and inclusion within the IFoA. bit.ly/EmbedDEI


People Moves

Standard Life has announced the appointment of Alex Webb and Lauren Doherty as pricing actuaries, focusing on the company’s growing presence in the bulk purchase annuity market. Webb joins the new business transactions team from WTW, where he was a consultant advising trustees of pension schemes and their sponsors on long-term strategy and risk management. Doherty joins the team from PwC.

MS Amlin Underwriting Limited has announced the appointment of Wendy Kriz as senior manager of the function’s validation and risk intelligence pillar. She has two decades of actuarial experience across reserving, capital and validation work. Her experience spans consultancy and multiple in-house roles at firms including Barnett Waddingham, WTW, Aviva, RSA, Catlin, Ace and Lloyd’s. She has a deep interest in sustainability and is an active member of the IFoA Sustainability Board.

Aon plc has named Colin Forrest as its insurance consulting team’s global chief executive officer in the firm’s Reinsurance Solutions division. Based in London, Forrest will join from WTW, where he was EMEA regional leader of WTW’s Insurance Consulting & Technology practice after holding senior roles at professional services firms, including equity partner in Deloitte’s Insurance Actuarial Practice and director of PwC’s Insurance Actuarial Practice (Life).

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This article appeared in our April 2022 issue of The Actuary.
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