
Craig Reynolds
Craig Reynolds is a principal and consulting actuary with the Life Insurance Consulting Practice of Milliman. He joined the firm in 1989.
Experience
Craig advises clients with the development, analysis, and validation of long-term financial forecasts. Such forecasts are used for product pricing, principles-based valuation or capital determination, risk management, statutory and GAAP projections and valuation, business planning, mergers and acquisitions, cashflow testing, and litigation support. He has extensive U.S. experience and had worked in countries around the world, including Japan, South Korea, China, Bermuda, Canada, France, Brazil, Mexico, Chile, Colombia, and Argentina. He has also advised Bermuda reinsurers with modeling, deal pricing, and financial reporting.
In recent years, most of Craig’s work is focused on financial reporting, mergers and acquisitions, and expert witness testimony associated with nonguaranteed element redetermination. Craig also works with companies to implement efficient stochastic pricing, reporting, valuation, and capital models. He has been involved in many major reinsurance and international merger and acquisition assignments, including post purchase implementation of new financial reporting regimes.
Craig has extensive experience with many product types, including universal life, traditional life, and variable, fixed, and indexed annuities.
Craig served as President of the Society of Actuaries (SOA), the largest actuarial professional organization in the world, from 2015 to 2016. He was on the board of the SOA for seven years. He currently serves as a member of the city council of the City of Mercer Island, Washington.
Craig has taught actuarial mathematics for the University of Washington.He completed many published research projects for Milliman, including papers on financial reporting and model efficiency. At various times, several publications that he coauthored have been on the SOA education and examination syllabus.Craig has written for several SOA publications. He is a frequent speaker at SOA and local actuarial club meetings, speaking most recently on professionalism, asset liability management, financial reporting, and model efficiency. He served as a member of the American Academy of Actuaries (AAA) Model Efficiency Working Group and coauthored early versions of the AAA principles-based reserves practice note.
- Fellow, Society of Actuaries
- Member, American Academy of Actuaries
- SB, Mathematics, Massachusetts Institute of Technology