Milliman Announces Acquisition of Life Strategies

Dublin based firm is Ireland's leading Life actuarial consultant

SEATTLE, December 10 - Milliman, Inc., one of the premier worldwide consulting and actuarial
firms, announced today that it has acquired Life Strategies, Ireland's
leading independent Life actuarial consulting firm based in Dublin. Effective
immediately, Life Strategies will become Milliman Ireland. Life Strategies'
clients are chiefly insurance companies, reinsurance companies, and other
financial institutions, banks and major distributors. Life Strategies has
particular expertise in the life insurance arena, both within the Irish
domestic market and the cross border industry from Ireland. The company
provides actuarial advice and strategic consulting support.

In making the announcement, Milliman chairman Brad Smith noted, "Life
Strategies' position as the leader in its space among Irish consultants
continues an important pattern for Milliman. We have been able to
successfully attract the best consultants, at least in part, because we offer
them the opportunity to work on the most satisfying and rewarding client
assignments."

Bruce Winterhof, Director of Milliman's Life Insurance practice, added,
"We are delighted to welcome the seasoned professionals from Life Strategies
as the newest members of Milliman. Their expertise and proven track record of
success in serving clients' requirements is a perfect fit for us, going
forward," Winterhof added.

"We believe the decision to join Milliman will prove to be an enormous
benefit for our clients," said Dermot Corry, Principal and Consulting
Actuary, who leads Milliman Ireland's practice. "Milliman Ireland will
continue to provide the high quality actuarial and strategic consulting
services that have made Life Strategies the clear leader in the Irish market.
In addition, with our colleagues in Milliman offices across Europe and the
US, we will now have the ability to resource larger projects including
mergers and acquisitions and initiatives across multiple countries," Corry
added. "Joining Milliman will allow us to offer a wider range of services to
our clients and should enhance our client offering greatly."

Milliman Ireland will continue to be managed by the current management
team. All members of the current management and staff of Life Strategies will
remain with Milliman Ireland.

About Milliman

Milliman is among the world's largest independent actuarial and
consulting firms. Founded in Seattle in 1947 as Milliman & Robertson, the
company currently has 52 offices in key locations worldwide. Milliman employs
over 2,300 people, with a professional staff of more than 1,100 qualified
consultants and actuaries, including specialists ranging from clinicians to
economists. The firm has consulting practices in healthcare, employee
benefits, property & casualty insurance, life insurance and financial
services. Milliman serves the full spectrum of business, financial,
government, union, education and nonprofit organizations. It is a founding
member of Abelica Global, an international organization of consulting firms
serving employee benefits clients around the globe. For further information,
visit www.milliman.com.

About Life Strategies

Life Strategies was founded in 1993 and has grown to become the largest
independent actuarial consulting practice in Ireland. Life Strategies is
owned by staff and management and employs 24 people based in Dublin, Ireland.
Life Strategies provides consulting services to the majority of the life
insurance and reinsurance companies based in Ireland. Its clients include
local subsidiaries of European, US and Asian multinationals. For further
information, visit www.lifestrategies.ie.

Dermot Corry, Milliman Ireland, +353(1)647-5910, or Mobile, +353(87)647-4936, Dermot.Corry at milliman.com