Claude Penland: Actuary & Partner, Ezra Penland Actuarial Recruitment

http://www.insurancetimes.co.uk/sp-bares-teeth-with-mass-insurer-downgrade-threat/1394098.article

Section 81 (1) of the draft bill makes it mandatory for all insurers in the country to appoint an actuary approved by the Insurance Regulatory Authority for each financial year.

Section 81 (2) of the draft further states the appointed actuary must be a fellow of the Actuarial Society of Kenya or similar body recognized by the authority.

Huffington Post blogger Dan Mirvish noticed a trend: when Anne Hathaway was in the news, Berkshire Hathaway’s shares went up.

He documented 6 dates over the last three years to show the correlation.

Read more…

“PwC has estimated the non-life run-off market in Europe is worth about $280 billion,” the COO of Enstar said.

“In the UK alone, it’s $47 billion, according to KPMG. In the US, it’s more than those two combined.”

Guidelines on public listing of Indian life insurers will be issued by March, said the insurance regulator J. Hari Narayan.

Insurance premiums were the buzz at the Hong Kong Stock Exchange after reports that premiums in China may have risen 33% in 2010.

Insurance-specific rating methodologies from Morningstar.

“Another two life insurance firms in mainland China are looking to get listed on the Hong Kong stock market, disclosed people familiar with the matter today, Taikang Life Insurance Co., Ltd. and Sunshine Insurance Group Corporation Limited, the two insurance firms, plans to raise about USD 1 billion and USD 600 million in their initial public offering (IPO), respectively, said a source.”

“The U.S. life insurance industry is now entangled in the “too big to fail” debate as a result of an amendment to the financial-services regulatory reform law that imposes higher capital requirements on financial institutions. “

“A group of Chinese investors are in the early stages of considering a takeover offer for British insurer Prudential Plc (PRU.L), the Sunday Times reported without citing sources.”