Ernst & Young LLP's Financial Services Office Announces a Significant Addition to its Insurance Tax and Actuarial Talent

NEW YORK, April 21, 2011 /PRNewswire/ -- Ernst & Young LLP's Financial Services Office announced today the addition of more than 30 professionals to its insurance tax and life actuarial practices. These professionals bring with them extensive experience in providing tax and actuarial consulting services, and will be focused on the federal income taxation of life insurance companies and their products. The group, led by Chris DesRochers and Greg Stephenson, joins Ernst & Young from LECG/SMART, a global consulting and advisory firm.

"This represents a significant addition of intellectual capital to our insurance tax and actuarial teams," said Carmine DiSibio, Vice Chair and Managing Partner, Financial Services, Ernst & Young LLP. "We were very fortunate to be able to add so many experienced professionals at one time — additional talent that greatly enhances the breadth and depth of the services we provide."

Ernst & Young's insurance practices continue to experience significant growth across assurance, tax, transaction and advisory services, with more than 7,000 professionals globally (over 3,000 of which are in the Americas). The addition of this team, along with Ernst & Young LLP's recent hire of Dave Hollander as Principal and Insurance Advisory Services Leader, demonstrates a commitment to expanding the organization's position as a leader in the insurance marketplace.  

Ernst & Young is a leader in serving the global financial services marketplace

Nearly 35,000 Ernst & Young financial services professionals around the world provide integrated assurance, tax, transaction and advisory services to our asset management, banking, capital markets and insurance clients. In the Americas, Ernst & Young is the only public accounting organization with a separate business unit dedicated to the financial services marketplace. Created in 2000, the Americas Financial Services Office practices today include more than 4,000 professionals at member firms in over 50 locations throughout the US, the Caribbean and Latin America.

Ernst & Young professionals in our financial services practices worldwide align with key global industry groups, including Ernst & Young's Global Asset Management Center, Global Banking & Capital Markets Center, Global Insurance Center and Global Private Equity Center, which act as hubs for sharing industry-focused knowledge on current and emerging trends and regulations in order to help our clients address key issues. Our practitioners cover many disciplines and provide a well-rounded understanding of business issues and challenges, as well as integrated services to our clients.

With a global presence and industry-focused advice, Ernst & Young's financial services professionals provide high-quality assurance, tax, transaction and advisory services, including operations, process improvement, risk and technology, to financial services companies worldwide.

It's how Ernst & Young makes a difference.

About Ernst & Young

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Ernst & Young refers to the global organization of member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients.

This news release has been issued by Ernst & Young LLP, a US client-serving member firm of Ernst & Young Global Limited.

SOURCE Ernst & Young LLP