Mazars expands with establishment of new actuarial services division

Mazars is expanding its service offering in Ireland with the establishment of a new actuarial division to serve Ireland’s growing insurance market.

As part of this expansion, Dermot O’Hara has been appointed Director of Actuarial Services and will lead the overall service and delivery of actuarial offerings to Irish insurance sector. Prior to joining Mazars, O’Hara was Chief Actuary at FBD Insurance. He has over 20 years of relevant experience in the insurance industry having held previous roles in AXA, Friends First and Aviva.  A qualified actuary and accountant, O’Hara is actively involved with professional and insurance industry associations. In his role as Director of Actuarial Services, O’Hara will work closely with Rob Hamill, Insurance Partner in Mazars.

Mark Kennedy, Mazars’ Managing Partner said; “Mazars has developed a very strong presence in the Irish insurance sector, with a noticeably increased demand for actuarial services - which we are well positioned to serve.  Building on the expertise of Mazars’ European actuarial network, the establishment of an actuarial team based in Dublin is an important strategic move, which provides us with a platform to deliver additional services to our clients as we continue to grow our wider financial services offerings.”  

He added, “Our investment in actuarial services is a vote of confidence in the recovering Irish economy and a commitment by Mazars to growing our business here in Ireland.  Over the past 12 months, the firm in Ireland has experienced double digit growth in revenues, with employee numbers increasing by in excess of 10%, to over 300 professional staff.  We anticipate growing our actuarial business over the next 12 months and expanding the actuarial team as the business grows.  Renewed business confidence across all client sectors means we also expect to see continued growth across our audit, accounting and consultancy businesses in the coming year.

Dermot O'Hara