Description: Experts discuss: [1] recent life-insurer M&A transactions, [2] the seller's perspective, including their motivation and their actuarial appraisal of the book of business, [3] the buyer's perspective, including their motivation and their actuarial appraisal, [4] due diligence, [5] Purchase GAAP [PGAAP], [6] issues that arise at or after the transaction's closing, and [7] reinsurance and non-reinsurance programs that address capital-management and tax-planning needs for such a transaction. From the 1997 Record of Society of Actuaries, Vol. 23, No. 3.

Description: With the IDI market consolidating, panelists at this session 47PD of the Palm Desert Spring Meeting discuss significant considerations in selling or buying a block of IDI business, relative to reinsurance, valuation, tax, and regulatory issues. From the Record of the Society of Actuaries, Vol. 23, No. 1.