Todd Bault, a Fellow of the Casualty Actuarial Society, was named to the third team of Institutional Investor magazine's 2003 All-America Research Team in the Nonlife Insurance Sector.
The All-America Team, which was announced by Institutional Investor in its October 2003 issue, recognizes broker analysts who have done outstanding work during the past year. The magazine ranks 343 researchers from 19 firms in 71 sectors. Of Bault, Institutional Investor notes that the Sanford C. Bernstein analyst "impresses investors with his 12 years' experience as an insurance actuary and his status as a Fellow of the Casualty Actuarial Society." The magazine goes on to note that in a February 2003 report, Bault "recommended Chubb Corp., asserting that investors were overly concerned about a Chubb reserve charge. By early September, the stock had shot up nearly 40 percent."
"I've been working hard to promote the value of actuarial science in securities analysisI hope this honor reflects well on the profession," Bault said.