The CAS Legacyby Albert J. BeerEditor’s Note: Published here areexcerpts from the “Presidential Ad-dress” given by Albert J. Beer at the1996 CA.7 Annual Meeting in Novem-ber. The complete text of the addresswill be published in the Proceedingsof the Casualty Actuarial Society,LXXXIII (1996).

I know that I am forever grateful tothose actuaries who have made a dif-ference in my career: Mike Fusco,Kevin Ryan, Tom Murrin and FnxlKilboume, who each showed me thatinspirational leadership can easily ac-commcdate a wonderful self-deprecatingsense of humor. And Jim MacGinnitie,Chuck Bryan, Dave Hartman, StanKhuy, Alh Kauf-all of whomrepresent a tireless dedication to servingthe profession, often at great personalsacrifice. Mary Hennessy, MikeToothman, Mike Walters, and DaveFlynn-who showed me that the qual-ties of personal integrity and caing forpeople are not inversely related to tinan-cial success.

One of the easiest mistakes tomake as a member of the actuarialprofession is to take the prestige af-forded to us for granted. There is littledoubt in my mind that the FCAS isregarded as the mcast prestigious des-ignation within the property/casualtyinsurance industry. Whether it be atour desks, a conference room, or aboard room, our colleagues bestowupon us a special respect that isclearly unique to the actuarial profes-sion.

In this context, it is extremely im-portant that we all recognize the hugedebt of gratitude we owe our prude-cessors for crafting the foundationupon which our renowned professionrests. We are all obligated to continuethis great tradition and should each bepersonally committed to enhancingthe status of the actuary well into thefuture. We each share the significantresponsibility of protecting and nur-turing this gift of our CAS Legacy. n

New Fellows Honored

First mw, from leff: Douglas A. Carlone, Elissa M. Sirovatka, CAS Presi-dent Albert J. Beer, Heather Lee Chalfant, Kirsten A. Frantom, HowardAllen Kunst, Louis Konrad Korth.Second row,from left: Nicholas H. Pastor, Barton Walter Hedges, Sean Wil-liam Russell, Tracy Lynn Brooks-Szegda, Joyce AM Dallessio.Third row, from left: Russell H. Grieg Jr., Terry D. Gusler, Maureen AnneCavanaugh, Edward Daniel Thomas, Jason Louis Russ, Judith MichalovkoFeldmeier.Fourth nxu, from leff: Stephen Vernon Merkey, Sallie Smith Robinson,Melodee Jane Saunders, Stephen Howard Kantor, Timothy P. Kenefick.Fifth IOW, from left: Giovanni A. Muzzarelli, Craig A. Allen, Elizabeth E.Leyda Hansen, Behram Mehelli Dinshaw, Camille Diane Minogue, BrianM. Stall.Sixth row,from left Wayne Edward Blackbum, Norman E. Donelson, BradMichael Ritter, Tracey Suzanne Ritter, Jay Andrew Rosen.Seventh row, from left: Melinda Helen Oosten, Daniel A. Powell, DavidYoung Na, Cheng-Shag Peter Wu, Michael B. Kessler, Sara ElizabethSchlenker.Eight nxu, from Zef: Kelly S. McKeethan, Madan La1 Mittal, Mark A. Ad-diego, Bertrand Jean LaChance, Brian Corn&son.Ninth row, from left: Kenneth Ari Levine, James B. Rowland, James Gor-don Evans, Joseph W. Wallen, Scott C. Anderson, James Michael Maher.

Waterloo Seeks Actuarial ProfessorApplications are being accepted related to actuarial science. The clos-

for a tenure track position or definite ing date for applications is Februaryterm position in actuarial science at 28, 1997.the assistant or associate professor Please submit a curriculum vitaelevel at the University of Waterloo. and arrange for three letters of refer-

Because of Canadian immigration ence to be sent to:requirements, this announcement is Professor Mary E. Thompson, Chair,directed to Canadian citizens and per- Depatment of Statistics andmanent residents. Applicants must Actuarial Science,have a Ph.D. with research in mathe- University of Waterloo,matical sciences, and interests closely Waterloo, Ontario N2L 3Gl n

1 4 Actuarial Reuieu

First row,from left: Michele P. Gust, Lisa Jenny Brubaker, John R. Ferrara,CA.5 President Albert J. Beer, Robin Austin Harbage.Second row,from leff: Janet Ann Trafecanty, Peter Robert Schwanke, Fong-Yee Judy Jao, Kenneth W. Rupert Jr., Peter Max Nonken.Third row, from left: Betty-Jo Hill, Sandra L. Hunt, Gary C. K. Cheung,Douglas Stephen Benedict, Leslie Roberta Marlo, Letitia May Saylor.Fourth row, from left: Carol A. Cavaliere, Annie Blais, Clifford ArthurPence Jr., Shawna Sue Ackerman, Michelle G. Sheng.Fifth row,fiom left: Elise Marie Ahearn, Douglas S. Rivenburgh, Christian Jo-bidon, Ward Brooks, Jeffrey David Donaldson, Martin Arthur Epstein.Sixth row, from leff: Nicholas P. Giuntini, Matthew G. Lange, David L.Homer, David A. Russell, Kirsten Costello Heman.Seventh row, from left: Marc Freeman Oberholtzer, David Michael Elkins,Frank Samuel Conde, Timothy F. Koester, Edward Johnson Yorty, Cather-ine Cresswell.New Fellows Not Pictured:Steven D. Armstrong, Richard F. Burt Jr., Kasing Leonard Chung, YvesDoyen, James E. Gant, Richard W. Gorvett, Gary R. Kratzer, Benoit La-ganiere, John P. Lebens, David R. Lesieur, Robert F. Megens, Kenneth B.Morgan Jr., Douglas J. Onnen, Andrew T. Rippert, Raleigh R. Skaggs, Jr.,Patricia E. Smolen, John M. Woo&y, and Joshua A. Zirin.

Journal ofActuarial Practice Calls for PapersActuaries and other interested rc-

searchers are invited to submit arti-cles to the Journal of ActuarialPractice on any subject matter relatedto actuarial science or insurance.

The Journal of Actuarial Practiceis a refereed journal that accepts pa-pew articles, commentaries, essays,or book reviews in any area of actuar-ial practice including life, health, pen-

sions, investments, reinsurance, non-life or general insurance.

Please send a short abstract (150words or less), and five copies of thecompleted paper by June 2, 1997 to:

Colin M. Ramsay, EditorJournal of Actuarial Practice

P.O. Box 22098Lincoln, Nebraska 68542-2098Phone and fax: (402) 421-8149

E-mail: absaloml @ix.netcom.com n

Walter Haner, a consulting act”sty from New Jersey, recently expetienced two actuarial sightings.Actuaries At Battle

One sighting occurred whikHaner toured a Civil War battlefiekin Spotsylvania, Virginia. He ex.plained it like this:

“I was with Robert Crick, an his-torian for the National Park Serviceand Gary Gallagher, a history profes.SOT at Penn state. We were w&&qthrough the battlefield when Gary re.marked that ‘standing behind treeswas a better idea from an actuarialperspective than fighting in the open.’Robert also referred to actuarieswithin the context of life expectan-cies on the battlefields.”Actuaries On Ice

While playing hockey on a localadult team, Hmer skated onto the iceand noticed the name of the opposingteam, “Kwasha Lipton.” He asked oneopponent if the team members were. as-sociated with the actuarial consultingiinn of the same name. ‘Yes,” repliedthe opponent. “Most of us are consult-ants with the firm.” ‘Actuaries?’Haner asked. ‘Yes; the opponent E-plied. But the team of actuaries lost thegame. Han&s team of adults fromvtious walks of life won g-to-l.Inventing Actuaries

Edward C. Shoop has been fol-lowing a story that Sports WriterFrederick C. Klein of the WallStreet Journal occasionally covers.Tbe story is about Andy Brown, apension actuary in Cincinnati whohas invented a tennis racket with ahexagonal-shaped handle. Brown isneither a tennis pro nor an engineer,but a partner in the Cincinnati actu-arial firm of Schneider & Brown,and has been trying for about “adozen years .,. to peddle an inven-tion that he’s convinced will makeplaying tennis easier for the multi-tudes,” Klein reported in the Janu-ary 3, 1997 edition of the WSJ.

To date, Brown has been unsuc-cessful with the invention, but hekeeps on trying. n

February 1997 Actuarial Revim