Archive for March 2023
Funding Agreements
Funding Agreements A funding agreement is a series of payments that are not contingent upon either mortality or morbidity. — Victor Modugno 2001 – SOA – Floating Rate Funding Agreements, Society of Actuaries – 23p
Read MoreSecurities Lending – Banks
Securities Lending – Banks Wells Fargo also manages 14 different securities lending pools. These are arrangements whereby we will lend client securities out to different broker dealers. In exchange, we receive collateral, often in the form of cash, and that cash is then invested. It’s an ALM business, and the idea is for us to…
Read MoreFloating Rate
Floating Rate Summary: Floating rate funding agreements, which have put options or short maturities, became an important product for many insurers in the 1990s. They are usually issued to short-term funds such as money market, securities lending, and buffer funds. The default by General American Life Insurance on $6 billion in funding agreements in 1999…
Read MoreAAA – American Academy of Actuaries
AAA – American Academy of Actuaries actuary.org/ Actuarial – Index SOA – Society of Actuaries – Index The Academy views its role in the government relations arena as providing information and actuarial analysis to public policy decisionmakers, so that policy decisions can be made with informed judgment. 1984 – AAA – Journal, American Academy of Actuaries …
Read More2009 1210 – COP – Hearing – Treasury Secretary Timothy Geithner
2009 1210 – COP – Hearing – Hearing With Treasury Secretary Timothy Geithner 2009 1210 – COP – Hearing – Hearing With Treasury Secretary Timothy Geithner, Congressional Oversight Panel — [BonkNote] [PDF-98p, VIDEO-CSPAN, VIDEO-Youtube] AIG – BankLike-? (p63) – Chair WARREN. Mr. Secretary, I come from a world of Chapter 11. People default all the…
Read MoreDonald Kohn
Donald Kohn FRB-NY – Federal Reserve Bank of New York – General Counsel and Executive Vice President of the Legal Group update: brief conversation with Jacob. Told him we were “very reluctant” to open up another 13-3 facility for an entity not even an investment bank. And that the market thought it was not only…
Read MoreSchiff’s Insurance Observer
Schiff’s Insurance Observer insuranceobserver.com/ Index – 103p 2004 0616 – Schiff’s Insurance Observer – Insurance Regulator Sucks up to Big Insurers: Makes Public Data Secret, Volume 16, Number 8 – 4p The scandals uncovered by the Armstrong Committee were major news stories in 1905 and 1906. Schedule G – Company compensation data , Joseph Belth…
Read MoreJane Bryant Quinn
Jane Bryant Quinn washingtonpost.com/wp-srv/business/longterm/quinn/quinn.htm 1982 0705 – Washington Post – Figuring Life Insurance Policy’s Cost Is Complex, But Urgent, by Jane Bryant Quinn 1992 0807 – The Telegraph – Uncovering Truth in Life Insurance – by Jane Bryant Quinn – [See Article Below] [Bonk: Can’t find a link, originally found on GoogleNews – <WishList?] 1993…
Read MoreHeckerling Institute on Estate Planning
Heckerling Institute on Estate Planning heckerlinginstitute.law.miami.edu/
Read MoreUPIA – Uniform Prudent Investor Act
UPIA – Uniform Prudent Investor Act The UPIA and TOLI: The Impossible Dream or A Match Made in Heaven, by Gary Flotron 2013 08 – Heckerling Institute on Estate Planning, 48th Annual Conference – 1p
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