Duggan Consulting Limited

NAME OF FEATURE | THE GLEANER | MONDAY, NOVEMBER 30, 2020 16 DUGGAN CONSULTING LTD 50TH ANNIVERSARY MESSAGES FROM OTHER OVERSEAS ASSOCIATES I AM delighted to have this oppor- tunity to congratulate Duggan Consulting Limited on the oc- casion of its 50th anniversary. My involvement with Astor Duggan and his team dates back to 1993, when they were the Jamaica office of R Watson and Sons. I visited the Caribbean for the first time that year, having taken over respon- sibility for some of Michael Bell’s clients on his retirement, and have returned almost every year since then. I well remember the finan- cial crisis of 1995, when Jamaican interest rates exceeded 40 per cent per annum, putting many life insur- ance companies in an impossible position. As well as serving their clients, both Astor and his colleague, Cathy Lyn, have made a major contribu- tion to the actuarial profession in the region; each has served as president of the Caribbean Actuarial Association, and Cathy remains a leading light in the International Actuarial Association. I wish Duggan Consulting well for the next 50 years. NICK DUMBRECK Former Head of WatsonWyatt Global Insurance Consulting Practice & President of Institute of Actuaries 2006-2008 Consulting Actuary, Milliman LLP London, UK Major contributors to the profession C ONGRATULATIONS TO Duggan Consulting on their 50 years advising clients on their pension issues. Pensions are important to people as they reach retirement but they pose tricky long-term risks for the employers who provide them, which is where actuaries come in – they are the pro- fessionals who have the financial skills to help clients manage the risks efficiently. Starting out as the Jamaican branch of the UK firm R Watson and Sons – actually the oldest actuarial firm in the world – the ‘Jamaica Office’ looked after the firm’s Jamaican and other Caribbean clients and has since flourished into an independent firm which plays an important role in the local and regional financial community. The actuaries in Duggan Consulting play their part in assist- ing the regional authorities with set- ting suitable regulations to make the financial world a safer place, and in participating in international ac- tuarial activities. I was very pleased in my role as senior partner of Watson’s at the time to get to know Astor Duggan and his colleagues, and indeed worked alongside some of them when they spent time in the UK. I wish Duggan Consulting every success in the future! PAUL THORNTON Former senior partner & president of the Institute of Actuaries 1998-2000 Duggan plays its part in making the financial world a safer place The actuaries in Duggan Consulting play their part in assisting the regional authorities with setting suitable regulations to make the financial world a safer place, and in participating in international actuarial activities.