Positioning the Industry for Success

Transamerica Reinsurance President Paul Rutledge recently spoke with Fred Sievert, former president of New York Life and current chairman of the Actuarial Foundation, about the demanding issues facing life insurers since the onset of the financial crisis. Fred shares his view that a number of life insurers, in search of continued growth, became too comfortable with optimistic investment gains subsidizing increasingly risky business. When the financial markets began failing, the weaknesses of this dependency were exposed.

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