Archive for July, 2010

What did the top actuaries at Montpelier Re and PartnerRe earn?

Saturday, July 31st, 2010

Chris Harris, FCAS, Montpelier Re’s CEO earned $3.9 million as of their March SEC filing.

Costas Miranthis, FIA, PartnerRe, received $3.5 million in their April SEC filing.

Actuarial blog roundup: Marketing Actuary, Actuary Info, Insurance & Technology and Actuarial Opinions

Saturday, July 31st, 2010

Marketing Actuary talks about his experiences while being interviewed,

Actuary Info asks what kind of actuary you are,

Insurance and Technology discusses the coming actuarial army,

Actuarial Opinions is no longer a terrorist,

and I also discovered the IAmActuary.com website.

Applied to get access to AppInventor for the Google Android operating system

Friday, July 30th, 2010

“To use App Inventor, you do not need to be a developer. App Inventor requires NO programming knowledge. This is because instead of writing code, you visually design the way the app looks and use blocks to specify the app’s behavior.

The App Inventor team has created blocks for just about everything you can do with an Android phone, as well as blocks for doing “programming-like” stuff– blocks to store information, blocks for repeating actions, and blocks to perform actions under certain conditions. There are even blocks to talk to services like Twitter.”

http://appinventor.googlelabs.com/about/

Insurance trends by Balty Morales, Oklahoma City, Oklahoma

Friday, July 30th, 2010

“My answers are not bound to please thee.

On question 1.  The objectives of Life or Non-life insurance is to minimize risk.  If they can eliminate it, they would.  With genetic mapping and identification of health risk now a reality, insurers can now refuse or greatly increase rates for those with propensity for the illness.  The same with property and casualty.  All data mining efforts are now paying for the risk taker.  Therefore they have taken risk away.   Favorite pizza top?  Pepperoni. 

One question 2.   I am still in the Dark Ages on web development.  However, I do not have any preference on cheese-based food.

Thanks
Balty Morales
OKC, OK”

RGA’s top actuaries did well, too

Friday, July 30th, 2010

According to April’s SEC filing:

A. Grieg Woodring, FSA, CEO = $3.5 million.

Paul Schuster, FSA, SVP, US ops = $1.5 million.

“US government will mess up the catastrophe bond market” ?

Friday, July 30th, 2010

“Hey Claude, I saw your post about wanting comment vis-à-vis reinsurance trends.  I am a reinsurance underwriter in the Caribbean and your US government is going to screw up the cat bond market with unnecessary regulation.  Once Dodd and his fellow dodderers get through monkeying with derivatives law, insurers and institutional investors are going to be afraid to enter into catastrophe bond agreements.  A pizza isn’t a pizza without pepperoni and extra cheese.” – Reinsurance Underwriter, Caribbean

So what did White Mountains pay their executive actuaries?

Friday, July 30th, 2010

Figured I might as well look up an Everest Re competitor. I mean, hell, I got the time….

Their March SEC filing says their CFO, David Foy, FSA, took home $5.1 million.

Their CEO/Chairman, Raymond Barrette, FCAS, received $1.6 million.

I was curious what Joseph Taranto, FCAS, CEO of Everest Re, cleared annually as of their last SEC filings

Friday, July 30th, 2010

$6.6 million, from their April Def 14A filing.  Pretty good coin for a Fellow of the Casualty Actuarial Society.

Che cosa è il vostro punto?

Friday, July 30th, 2010

    

     www.claudepenland.com/why/

Friday’s quote about baseball

Friday, July 30th, 2010

“I’ve found that you don’t need to wear a necktie if you can hit.” – Ted Williams