Michelbacher Prize Winners Named

Richard W. Gorvett and Donald F. Mango were named recipients of the 1999 Michelbacher Prize, which was presented at the CAS Spring Meeting in Orlando last May. Gorvett won for his paper "Insurance Securitization: The Development of a New Asset Class" and Mango received the prize for his paper "Risk Load and the Default Rate of Surplus." The two papers and other papers presented at the meeting are published in the 1999 Discussion Paper Program book and can be found on the CAS Web Site at http://www.casact.org/pubs/dpp/dpp99/index.htm.