Oliver Wyman and PwC named insurance consulting firms of the year

Reactions Magazine, a global publication for the insurance and reinsurance trade industry, has named Oliver Wyman and PwC consulting firms of the year during its annual awards ceremony. 

Since 1981, Reactions Magazine provides global coverage of the insurance and reinsurance industries. Topics the platform cover include property-catastrophe, casualty/liability, emerging risks, financial management, legal & regulation, claims & run-off, catastrophe bonds, broking, risk management, capital market solutions and reinsurance, among others.

Every year the publication organises an award ceremony which celebrates individuals, projects and companies who have made a big difference in the industry over the past twelve months. Among the more than thirty categories highlighted is a specific category that recognises service excellence in the consulting industry. The ‘Consultancy of the Year’ award is provided to the consulting firm which in the eyes of the jury has delivered the best project at a client in the re/insurance sector.

In North America, Oliver Wyman picked up the silver, with Reactions Managing Editor Christopher Munro stating, “In what was a competitive category, Oliver Wyman has managed to stand out with its dedication to its clients.” The European version of the award went to consultants from Big Four firm PwC. 

Across all categories, Marsh & McLennan Companies – the parent of Oliver Wyman – performed well, with also Marsh, Guy Carpenter and GC Securities receiving awards during the event. Clifford Chance was named ‘Legal Firm of the Year’ in Europe, while Sidley Austin took home the same award in North America. Elsewhere, Aon, EY, A.J. Gallagher, Moore Stephens, Goldman Sachs and Deutsche Bank were among the other celebrated companies.

Winners of the Reactions awards were chosen based on nominations made by senior figures in the re/insurance industry as well as a public voting process.