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Kenneth A. Bjurstrom

Principal, Financial Consultant
Brookfield, WI, US

Tel: +1 262 7963325

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  • BS, Economics, University of Wisconsin-Madison
  • MBA, University of Wisconsin-Milwaukee

Current Responsibility

Ken is a principal with the Milwaukee office of Milliman and joined the firm in 1998. He manages a practice dedicated to analyzing the financial risks associated with issuing and servicing mortgages, mortgage guaranty insurance, and credit enhancement structures.


Ken's area of expertise is in advising banks, mortgage banks, and mortgage insurance companies, both domestically and internationally, on credit risk management and credit enhancement. He has consulted to the majority of the mortgage insurers that comprise the private mortgage insurance industry on topics including pricing, financial analysis, risk management, structured transactions, and credit enhancement analysis. He has also served as the lead consultant on many of the firm's assignments assisting banks in loan loss reserving, pricing, and capital modeling.

Prior to joining Milliman, Ken held management positions at several mortgage insurance companies and one of the nation's largest mortgage originators, where he specialized in risk management, loss modeling, product development, mortgage scoring, mortgage reinsurance, and negotiating structured transactions.

Another of Ken's areas of expertise is information technology. He has extensive experience assisting bank clients in implementing strategic technologies such as data warehousing, predictive analytics, decision systems, and asset-liability management.

Presentations and Publications

Ken has authored numerous essays and articles on topics including mortgage insurance, reinsurance, reverse mortgages, mortgage credit risk, and capital modeling. He has spoken on these and other topics at many leading industry meetings, including the Mortgage Bankers Association, the American Bankers Insurance Association, the National Reverse Mortgage Loan Association, and others.

Examples of Ken's publications include the following:

  • Mortgage Insurance Loan Performance Analysis as of March 31, 2011, U.S. Treasury, July 28, 2011.
  • Mortgage Cohort Credit Loss Analysis as of September 2010, U.S. Treasury, April 1, 2011.
  • Can Canada provide answers to America's real estate malaise?, February 24, 2011.
  • Anybody know who owns the loans?, P&C Perspectives, May 21, 2010.
  • Impact of the Economic Crisis on the HECM Program, P&C Perspectives, November 2009.
  • Breaking it down: How to understand the impact of Obama's mortgage policies on portfolio values, Mortgage Servicing News, September 2009.


  • Member, Mortgage Bankers Association
  • Member, National Council of State Housing Agencies
  • Work at Milliman

    • “I was offered a chance to come in, shake things up, create something."
    Work at Milliman