Description: The external actuary must balance the goals of the company with a realistic assessment of the chances of achieving them, uncovering hidden value while scaling back on aggressive targets to achieve a balanced, defensible end product with buy-in from the seller's team. From Actuarial Considerations in Insurance Mergers and Acquisitions, M-FI03-1.

Description: Ambassador Program Update: Country Web Pages Take Shape by Jim Toole from International Section News, June 1999, Issue No. 19.

Description: This is a book review of 'The Man Who Loved Only Numbers' by Paul Hoffman, past editor of Discover magazine and publisher of Encyclopedia Britannica. Of relevance to actuaries is the fact that the book's main character, Paul Erdos, pioneered techniques for mathematical proofs using probabilistic methods, now known as Monte Carlo methods. Throughout the book, we are reintroduced to timeless problems familiar to most actuaries.

Description: Spreadsheet with documentation for exhibits to the May 2007 report: The Potential Impact of Pandemic Influenza on the U.S. Life insurance Industry

Description: Role of the Actuary: One of the most complicated tasks an actuary can perform is large-scale corporate modeling in an attempt to shed light on the relationship between value, performance and risk. In specialized situations such as mergers and acquisitions, it may be appropriate to have external actuaries perform the work rather than attempt the task with internal resources. From Actuarial Considerations in Insurance Mergers and Acquisitions, M-FI03-1.

Description: The sale process is a team effort. On the sell side, the team usually consists of the seller, their investment banker, the external actuaries and a legal team. On the buy side, the team consists of accounting and tax experts in addition to the previous disciplines. For a sale to be successful, the team on each side must be able to communicate the story of the company in a consistent, focused manner to their publics. From Actuarial Considerations in Insurance Mergers and Acquisitions, M-FI03-1.

Description: Chairperson’s Corner by Jim Toole from International Section News, October 2001, Issue No. 26.

Description: Section Chair introduces himself to the Section. From Health Watch Newsletter, January 2008, Issue No. 57.

Description: From a Panel discussion session at the Spring regional meeting of the Society of Actuaries held in Atlanta, Georgia, May 24-25, 1999 Panelists describe their experiences living and working outside their home countries, and discuss opportunities-and success criteria/factors-that lie ahead for global actuaries.

Description: Panelists provide a big picture overview of the M&A process and the roles of the actuary, investment banker, outside counsel, accountants, acquirer and seller. Includes a discussion on actuarial appraisals, ASOP 19 and due diligence. From Record of Society of Actuaries, Vol. 30, No. 1, Session 94