Kelly Bretz, FSA, MAAA, CFA leads the expansion of Bruce & Bruce Services to include Enterprise Risk Management
Bruce & Bruce is expanding its consultancy to include Enterprise Risk Management (ERM) solutions. Bruce & Bruce has partnered with Kelly Bretz, FSA, MAAA, CFA (of Kelly Bretz, LLC) to lead this new line of business which greatly enhances Bruce & Bruce’s value proposition and is consistent with its mission of helping small-to-medium sized insurers and fraternal benefit societies.
Andrew Edelsberg presented the following topics: proposed reporting requirements for investments, net negative IMR guidelines, proposed framework for regulations of insurer investments, and proposed SVO changes on October 18, 2023 for the LIC Investment & Capital Management Committee meeting hosted by Catholic Order of Foresters.
Enhancing Investment Spread through a FHLB Program
Many insurance companies have been using Federal Home Loan Bank (“FHLB”) programs where a qualified financial institution can borrow funds at attractive rates. This paper illustrates how a company can take advantage of an FHLB program to improve its investment returns.
Andrew Edelsberg leads the expansion of Bruce & Bruce services
Bruce & Bruce is expanding its consultancy to include strategic development, rating agency and financial strategies. The new line of business will be headed by Andrew Edelsberg, who joined Bruce & Bruce on September first.
Vladimir Krepkiy, FSA, FCA, FCIA, MAAA, considers himself a serial immigrant due to life circumstances. Born in a small town in the former Soviet Union’s northeast, where winter lasts eight months a year, Vlad and his family moved to Ukraine when the Soviet Union collapsed.
As actuaries, we take great satisfaction in repurposing models originally designed to assess specific risks and adapting them to address other strategic questions centered around a company's growth and prosperity.
The American Academy of Actuaries is working on an actuarial guideline to address high yield assets used in the analysis of asset adequacy. Although the guideline is still being drafted, a tentative effective date of December 31, 2022 has been communicated.
Cybersecurity is prevalent in every organization and should be held in the highest regard. Not only does it refer to the technologies throughout the organization, but the people, policies and processes which attempt to protect the critical systems and personal identifiable information from cyber-attacks.
Did you know that the NAIC has revised risk-based capital (RBC) asset factors for 12/31/2021 reporting? This charge is important because it feeds required capital amounts as well as ratios used to assess an insurer’s financial strength.