Description: This article looks at the recent trend of mergers and acquisitions between very large organizations. The driving forces, issues involved and keys to success are discussed. The role of the actuary in this process is also reviewed.

Description: Article from The Actuary, January 1971 – volume 5 - Issue 1 uses examples to measure the effect of reinvesting funds at a rate different from that at which the investment is made based on the rapidly changing interest rates.

Description: This article reports on a meeting of the Finance Practice Area and the issues on which they are focusing.

Description: In this article, the author provides an extension to 1978 of his Index of Common Stock Values that appeared in the Transactions of Society of Actuaries, XXII, 197. He has also calculated the Compound Annual Growth Rates of Average Common Stock Values for the entire 107-year period.

Description: This article summarizes a recent Hartford Actuaries Club workshop which examined Life Company Mergers and Acquisitions. Howard L. Rosen, FSA, addressed acquisitions and Charles C. DeWeese, FSA, reviewed mergers.

Description: The final actuarial work of the renowned Briton, Frank Redington. was a series of essays called “The Flock and the Sheep.” They were reviewed here some months ago by Kenneth Stewart. These articles describe what could be characterized as the problem of incidence of earnings on investments inequities. While equities produce the greatest returns over a long time, they tend to have lower returns than debt for the first years of the investment.

Description: The article discusses indexed-linked securities in the United Kingdom and the relationship between the prices of index-linked securities and interest rates, common stock prices and a combination of these.

Description: Features Editor Deborah Poppel met with CFOs Bertram Pike, of John Hancock, and Ralph Verni, of The New England. They talked about the role of the CFO and the environment in which they operate.

Description: Discusses the evolution of the Valuation Actuaries Symposium since the 1980s.

Description: This article discusses the new Investment Section. The initial targeted areas are expected to be: Modeling, Corporate Finance, Capital Management and Investment Instruments.