Michael Henderson
About Michael Henderson
Michael Henderson is a Matching Adjustment Optimisation Actuary with extensive experience in managing one of the largest Matching Adjustment portfolios in the industry. He currently works at Legal & General and is actively involved in various working groups related to insurance regulation and capital modeling.
Current Role at Legal & General
Michael Henderson serves as a Matching Adjustment Optimisation Actuary at Legal & General since 2017. In this role, he manages and optimizes one of the largest Matching Adjustment portfolios in the industry. His responsibilities include focusing on Solvency II capital modeling and optimization. He is recognized as a subject matter expert in matching adjustment, contributing to the company's strategic initiatives in this area.
Previous Experience at Barnett Waddingham LLP
Prior to joining Legal & General, Michael Henderson worked at Barnett Waddingham LLP from 2005 to 2016. During his 11 years there, he held the position of Actuary and Associate in London, United Kingdom. His experience at Barnett Waddingham laid the foundation for his expertise in actuarial science, particularly in the pensions sector before transitioning to life insurance.
Education and Expertise
Michael Henderson studied at the University of Durham, where he earned a Master of Engineering (MEng) degree from 2001 to 2005. His educational background supports his expertise in actuarial science, particularly in areas such as insurance regulation and capital optimization. He specializes in alternative asset classes and structuring, including equity release.
Industry Involvement and Contributions
Michael Henderson is actively involved in various industry groups. He participates in the IFoA Matching Adjustment Working Party and contributes to the PRA/ABI Matching Adjustment Working Group. Additionally, he is a member of the Equity Release Council Solvency II Working Group, where he provides insights and expertise related to insurance regulation and the bulk annuity market.
Career Transition and Focus
Michael Henderson began his career in pensions before transitioning to the life insurance sector in 2014. This shift allowed him to apply his actuarial skills in a new context, focusing on matching adjustment and capital optimization strategies within the life insurance industry.