Actuarial Review
Volume 26, No. 4 / November 1999
From the President: Challenges and Rewards
by Steven G. Lehmann

This will be my last column as your president. It's been a very interesting, challenging, and rewarding year. It has been interesting to learn the variety of day-to-day issues that need to be dealt with in an actuarial society that is getting larger and more complex each year. It has been challenging in terms of developing and carrying out strategic planning to react to major changes in the environment and create opportunities for future actuaries. The year has been rewarding in terms of seeing the results of some of that planning come to fruition.

The Task Force on Non-Traditional Areas of Practice is in the process of finalizing their report, which will help set the direction of a significant portion of CAS efforts for the next several years. We have interviewed over a dozen CEOs of major insurance companies, brokerage firms, and consulting firms and have gathered valuable insight and advice on how better to prepare actuaries for future challenges facing the insurance and financial services industries. We have also added a new vice president-international to lead us in serving our overseas members and help prepare us for a global economy with global opportunities for actuaries.

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Features

Gannon and Grannan Elected to CAS Top Posts


ARLINGTON, Va.—Alice H. Gannon will officially succeed Steven G. Lehmann as CAS president at the close of the 1999 CAS Annual Meeting in San Francisco, California, this month. CAS Fellows voted to elect Patrick J. Grannan CAS president-elect in October.

Grannan is a principal with Milliman & Robertson, Inc. in Radnor, Pennsylvania and has been a CAS Fellow since 1978. CAS vice president-programs and

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