MAAA

National Institute on Retirement Security and Conference of Consulting Actuaries Announce Winners of New Innovative Public Pension Funding Strategies Award

Retrieved on: 
Tuesday, March 1, 2022
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WASHINGTON, March 1, 2022 /PRNewswire/ --The National Institute on Retirement Security ( NIRS ) and the Conference of Consulting Actuaries ( CCA ) today announce three submissions as winners of the new award competition: Innovative Public Pension Funding Strategies .

Key Points: 
  • WASHINGTON, March 1, 2022 /PRNewswire/ --The National Institute on Retirement Security ( NIRS ) and the Conference of Consulting Actuaries ( CCA ) today announce three submissions as winners of the new award competition: Innovative Public Pension Funding Strategies .
  • NIRS and CCA announce winners of the 2022 Innovative Public Pension Funding Strategies Award.
  • "The winning submissions have provided innovative thinking around public pension funding strategies that can foster ideas for plans across the country.
  • Importantly, each submission was grounded in the principles set forth in the CCA public pension plan funding whitepaper ."

AF Group Announces Walter Matthews as Vice President of AF Specialty

Retrieved on: 
Wednesday, February 16, 2022
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LANSING, Mich., Feb. 16, 2022 /PRNewswire/ -- Reflective of the strong leadership that has positioned the organization as a national specialty insurance solutions provider, AF Group has announced the promotion of Walter Matthews as vice president of AF Specialty.

Key Points: 
  • LANSING, Mich., Feb. 16, 2022 /PRNewswire/ -- Reflective of the strong leadership that has positioned the organization as a national specialty insurance solutions provider, AF Group has announced the promotion of Walter Matthews as vice president of AF Specialty.
  • "This announcement demonstrates the exceptional talent across our organization, and we're so pleased to welcome Walter to our executive leadership team," said Lisa Corless, president and CEO of AF Group.
  • Since joining AF Group in 2010, Matthews has held various positions within the Actuarial department, providing oversight of the organization's actuarial services related to reserving, pricing, underwriting strategies, forecasting and reinsurance.
  • AF Group (Lansing, Mich.) subsidiaries are premier providers of innovative insurance solutions.

Alex Faynberg Appointed Division President, Chubb Workplace Benefits

Retrieved on: 
Wednesday, January 26, 2022
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WHITEHOUSE STATION, N.J., Jan. 26, 2022 /PRNewswire/ --Chubb announced today that Alex Faynberg has been appointed Division President, Chubb Workplace Benefits.

Key Points: 
  • WHITEHOUSE STATION, N.J., Jan. 26, 2022 /PRNewswire/ --Chubb announced today that Alex Faynberg has been appointed Division President, Chubb Workplace Benefits.
  • In this new role, Mr. Faynberg will be responsible for overall growth and profitability of the business.
  • As one of the nation's fastest-growing voluntary benefits worksite carriers over the last several years, Chubb Workplace Benefits (CWB) provides a portfolio of streamlined solutions tailored for mid-to-large size businesses and the brokers who serve them.
  • "This is an exciting time to lead Chubb Workplace Benefits, as we sharpen our ability to offer clients and partners a competitive advantage through our broad range of products, resources, and support," said Mr. Faynberg.

Climate, Cyber and Financial Volatility Lead List of Emerging Risks

Retrieved on: 
Monday, January 24, 2022
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ARLINGTON, Va., OTTAWA and SCHAUMBURG, Ill., Jan. 24, 2022 (GLOBE NEWSWIRE) -- Climate risk, cyber concerns, and financial volatility are the top emerging risks according to an annual survey of risk managers. Providing insights on emerging risks over time, the 15th Annual Emerging Risk Survey is sponsored by the Joint Risk Management Section (JRMS) of the Canadian Institute of Actuaries (CIA), the Casualty Actuarial Society (CAS) and the Society of Actuaries (SOA).

Key Points: 
  • ARLINGTON, Va., OTTAWA and SCHAUMBURG, Ill., Jan. 24, 2022 (GLOBE NEWSWIRE) -- Climate risk, cyber concerns, and financial volatility are the top emerging risks according to an annual survey of risk managers.
  • Focusing on a single emerging risk, the survey found that climate risk ranks highest at 26%, followed by cyber risks, financial volatility, demographic shifts and disruptive technologies.
  • Risk managers also indicated that current risks on their minds include pandemics (27%), followed by climate risk and financial volatility.
  • Rudolph also noted, Its important to keep in mind this is a list of emerging risks.

Merger Forms New Insurance Holding Company, Universal Shield Insurance Group

Retrieved on: 
Tuesday, January 11, 2022
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WATERFORD, Mich., Jan. 11, 2022 (GLOBE NEWSWIRE) -- UIMHolding Company and its subsidiary Universal Fire & Casualty Insurance Company (UFCIC) has merged with Shield Indemnity, Inc. (Shield Indemnity), to form a new property and casualty (P&C)-focused holding company, Universal Shield Insurance Group, Inc. (Universal Shield or USIG).

Key Points: 
  • WATERFORD, Mich., Jan. 11, 2022 (GLOBE NEWSWIRE) -- UIMHolding Company and its subsidiary Universal Fire & Casualty Insurance Company (UFCIC) has merged with Shield Indemnity, Inc. (Shield Indemnity), to form a new property and casualty (P&C)-focused holding company, Universal Shield Insurance Group, Inc. (Universal Shield or USIG).
  • Shield Indemnity, historically focused on general liability, was restructured as a surplus lines company.
  • By leveraging our admitted and surplus lines expertise and capabilities, Universal Shield will continue to operate at the forefront of the insurance and insurtech marketplace.
  • As a hybrid insurance and insurtech enterprise, USIGs insurance entities are Universal Fire & Casualty Insurance Company and Shield Indemnity, Inc. For more information, visit www.ufcic.com .

Greg Warren Joins Axene Health Partners as Partner and Consulting Actuary

Retrieved on: 
Tuesday, January 11, 2022
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TEMECULA, Calif., Jan. 11, 2022 (GLOBE NEWSWIRE) -- Axene Health Partners (AHP) today announced that Greg Warren, FSA, FCA, MAAA, formerly Senior Vice President and Chief Actuary of Optum Advisory Services, will join AHP as partner and consulting actuary and lead the opening of the new AHP Denver office.

Key Points: 
  • TEMECULA, Calif., Jan. 11, 2022 (GLOBE NEWSWIRE) -- Axene Health Partners (AHP) today announced that Greg Warren, FSA, FCA, MAAA, formerly Senior Vice President and Chief Actuary of Optum Advisory Services, will join AHP as partner and consulting actuary and lead the opening of the new AHP Denver office.
  • The opening of AHP's Denver office enhances the firm's already strong portfolio of health care consulting services nationwide.
  • AHP is wholly owned by its consultants, offering highly specialized health care consulting services and software solutions for the healthcare space.
  • For more information about the Denver practice and its services, please contact Greg Warren directly at [email protected] or by phone at (720) 657-1264.

Ameritas announces newly elected officers

Retrieved on: 
Thursday, December 30, 2021
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LINCOLN, Neb., Dec. 30, 2021 /PRNewswire/ --Ameritas President and Chief Executive Officer Bill Lester announces the following officer elections.

Key Points: 
  • LINCOLN, Neb., Dec. 30, 2021 /PRNewswire/ --Ameritas President and Chief Executive Officer Bill Lester announces the following officer elections.
  • Shannon Berry was elected vice president, wealth management and investment operations, with an effective date of Oct. 31.
  • Ameritas is a marketing name for Ameritas Mutual Holding Company and its affiliated subsidiary companies, including Ameritas Life Insurance Corp. and Ameritas Life Insurance Corp. of New York.
  • Securities offered through affiliate Ameritas Investment Company LLC., member FINRA/SIPC and investment advisory services offered through the business name of Ameritas Advisory Services.

Independent Insurance Group Introduces iStructure -- the First Uncapped Index-linked Structured Settlement Annuity linked to the Franklin BofA World Index™

Retrieved on: 
Wednesday, December 15, 2021
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JACKSONVILLE, Fla., Dec. 15, 2021 /PRNewswire/ --Independent Insurance Group, LLC ("Independent Group") announced today that its life and annuity subsidiary, Independent Life Insurance Company ("Independent Life") is introducing iStructure, the first uncapped index-linked structured settlement annuity.

Key Points: 
  • JACKSONVILLE, Fla., Dec. 15, 2021 /PRNewswire/ --Independent Insurance Group, LLC ("Independent Group") announced today that its life and annuity subsidiary, Independent Life Insurance Company ("Independent Life") is introducing iStructure, the first uncapped index-linked structured settlement annuity.
  • Independent Life is introducing iStructure, the first uncapped index-linked structured settlement annuity.
  • iStructure can be used for a variety of situations including personal injury cases, structured attorney fees, structured installment sales and taxable settlements.
  • Founded by insurance industry experts,Independent Group is a forward-thinking enterprise whosecomplementary product and service companiesimprove outcomes for all structured settlement stakeholders.

Buck appoints Chief Health Actuary Kelly Conlin as U.S. Health Practice Leader

Retrieved on: 
Thursday, October 14, 2021
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NEW YORK, Oct. 14, 2021 /PRNewswire/ -- Buck , an integrated HR, pensions, and employee benefits consulting, technology, and administration services firm, today announced that Kelly Conlin has been appointed U.S. Health Practice Leader.

Key Points: 
  • NEW YORK, Oct. 14, 2021 /PRNewswire/ -- Buck , an integrated HR, pensions, and employee benefits consulting, technology, and administration services firm, today announced that Kelly Conlin has been appointed U.S. Health Practice Leader.
  • Conlin has more than 22 years of experience providing health and benefits consulting and actuarial services for a variety of corporate, public sector, multiemployer, and international clients.
  • Shewill continue to serve as Buck's Chief Health Actuary.
  • Conlin has extensive experience with the design, measurement, and funding of employers' active medical and life insurance programs.

The Society Of Actuaries Makes Inaugural $150,000 Gift To The Actuarial Foundation's Stem Stars Actuarial Scholars Program Designed To Generate Diverse Representation In The Actuarial Industry

Retrieved on: 
Wednesday, September 8, 2021

SCHAUMBURG, Ill., Sept. 8, 2021 /PRNewswire/ -- The Actuarial Foundation (Foundation) is proud and grateful to announce the generous sponsorship of the Society of Actuaries (SOA) for the Foundation's STEM STARS Actuarial Scholars Pilot Program. This transformative support will help the Foundation launch the first cohort with its primary goal to break down the barriers to enter the profession for high school students and to support them during their college journey.

Key Points: 
  • SCHAUMBURG, Ill., Sept. 8, 2021 /PRNewswire/ -- The Actuarial Foundation (Foundation) is proud and grateful to announce the generous sponsorship of the Society of Actuaries (SOA) for the Foundation's STEM STARS Actuarial Scholars Pilot Program.
  • The Foundationcreated the STEM STARS Actuarial Scholars Pilot Program based on a culmination of research and input from multiple partners and leaders in the actuarial and insurance industries.
  • The pilot program will consist of a cohort of 20 high school juniors and seniors.
  • Past, present and future students participating in the Modeling the Future Challenge will be notified of the STEM STARS Actuarial Scholars Pilot Program.