Archive for December 2022
Books – GooglePlay
Books – GooglePlay 198 – GOV (Senate) – https://books.google.com/books/about/Corporate_Takeover_Legislation.html?id=0BQQAAAAIAAJ
Read MoreGICs – Monolines
GICs – Monolines 1998 – SOA – Credit Enhancement of Guaranteed Investment Contracts and Funding Agreements, Society of Actuaries – 14p
Read MoreEric Dinallo vs
Eric Dinallo vs Capital in Monolines / AIG (p220) – Eric Dinallo – So I do think that essentially the rating agencies and the counterparties missed this. And they believed that in the trillion dollar balance sheet of AIG– Chairman Angelides: Somewhere, somehow, there would be money. Eric Dinallo: Like it would in a monoline. There’s tons of…
Read MoreUnivoisal Life Insurance
Univoisal Life Insurance 1982 – SOA – Programs to Conserve Traditional Life Insurance Policies, Society of Actuaries – 18p George R. Dinney: ….the Flexible Premium nonpar policy has already been challenged by regulatory authorities on the grounds that the difference between the guaranteed premium and the current experience premium is a policy dividend. Let us agree on…
Read MoreCMO – Collateralized Mortgage Obligations
CMO – Collateralized Mortgage Obligations REMIC – Real Estate Mortgage Investment Conduit 1987 – SOA – Sources of Capital for Investment and New Business, Society of Actuaries – 42p 1987 – SOA – New Investments and New Investment Strategies, Society of Actuaries – 48p 1990 – SOA – Session 10 – Panel: CMO and Other Asset Projections, vasp0160,…
Read MoreActuarial – Snippets
Actuarial – Snippets Actuarial – Snippets – 1950s Actuarial – Snippets – 1970s Actuarial – Snippets – 1980s Actuarial – Snippets – 1990s In a paper read before the insurance commissioners in June last Mr. D. P. Fackler said: Many have grave fears of bad results if the largest companies are allowed to continue to…
Read MoreTimes Have Changed
Times Have Changed Times have changed. — William T. Tozer, ACLI 1981 – SOA – Individual Life Insurance Cost Disclosure Issues, Society of Actuaries – 22p (p53) – The life insurance sector, while safe and quite boring in the past, has changed meaningfully during the past two decades from a financial stability perspective. 2021 06 -…
Read MoreAsset Management
Asset Management 1981 – SOA – Asset Management for an Insurance Company, Society of Actuaries – 14p
Read MoreQ: What is Systemic Risk?
Q: What is Systemic Risk? (p45-46) – Secretary Geithner: For two reasons: Because it was systemic and because it was an option for doing so. So if it needed both, okay — if it wasn’t systemic, we would have been indifferent to it. If it was systemic but we had no option, we wouldn’t have done it.…
Read MoreRegulation – Insurance – Coordination
Regulation – Insurance – Coordination Eyes I realized, there was nobody else. There was no one for me to get help on this. This was it. I’m in the room. Geithner’s asking. Paulson’s listening. I finally had no one else to ask. I mean, my experts obviously. But it was one of those moments in…
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