by Alice H. Gannon

Steve Lehmann handed me the gavel at the conclusion of the CAS's annual meeting in San Francisco in November and I became the president of the CAS. Any way I look at it, serving as the president of the Casualty Actuarial Society is a major event in my life. It is a great honor. It is a major commitment of my time and energy. It is a significant responsibility and a great opportunity to learn and experience many new things. Yes, serving as the president of the CAS is definitely a major event for me personally and I am both grateful for the opportunity and a little anxious about doing a good job.

It is not, however, a major event for the CAS.

The president of the CAS does have an important role in CAS activities. The president oversees the development and achievement of a long list of operational goals for the CAS that represent the majority of activities that will take place during the year. The president represents the CAS in many different situations and the president's actions help shape how others view the CAS and interact with the organization. The president sometimes must quickly make important decisions about issues when the time frame does not allow for

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The repeal of the Glass-Steagall Act was far and away the most significant 1999 news story in its implications for casualty actuaries, according to the results of our annual survey of CAS leaders. Other fundamental changes in the way insurers conduct business—including selling insurance over the Internet, securitizing catastrophe risks, and commercial lines deregulation in many states—also were identified as significant 1999 trends for casualty actuaries.

On the importance of Glass-Steagall repeal, respondents noted that new players, such as banks entering the insurance business, may become major users of actuarial expertise, but may bring other types of quantitative analysts into the conventional domain of actuaries. Further challenges include traditional
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• Top Actuarial Stories of 1999
• 1999 Annual Meeting Highlights
• Las Vegas to Host CAS Spring Meeting
• Ratemaking Reminder
• Bühlmann Receives Anderson Award
• Session Highlights CAS Volunteer Opportunities
• Report of the CEO Advisory Task Force
• Actuaries Abroad
• New Fellows Honored at 1999 CAS Annual Meeting
• New Associates Honored at 1999 CAS Annual Meeting
• It Is Easier To Become An Actuary
• No Millenium Headlines
• Fulfilling a Dream - One Park at a Time
• 2000 Research Conference Set For Québec City
• Financial Report
• 25 Years Ago in the Actuarial Review
• Today in The Actuarial Review: A Contest
• Whatever is an Actuary?
• CAS and SOA Consider CD-ROM Study Note
• Learning Your ABCDs
• Hey Prize Competition Underway
• Accounting Standard Setters Propose Discounting Property Casualty Reserves
• 1999 Reserves Call Papers Reviewed