January 15, 2010
January 14, 2010--Albert J. Beer, the Michael J.
Kevanv/XL Professor of Risk Management, Insurance and Actuarial
Science at The Peter J. Tobin College of Business, began
his term as the Chairperson of the Actuarial Standards
Board on Jan. 1. He was appointed to the post by the
Council of U.S. Presidents, a committee comprised of the presidents
and presidents-elect of the five U.S.-based actuarial
organizations. Beer was the vice chairperson for the Actuarial
Standards Board in 2009 and succeeds Steve
Kellison as chairperson.
Beer retired as the president of strategic business units of
American Re-Insurance Corporation (now Munich Reinsurance America)
in 2006, where he had also served as Executive Vice President. Beer
was also the chairman, President and Chief Executive Officer of two
American Re subsidiaries--American Alternative Insurance Company
and Princeton Excess and Surplus Lines Insurance Company.
Prior to joining American Re in 1992, Beer was the Chief
Actuary and Director of alternative risk for the Skandia America
Group. He was a partner with the consulting firm Tillinghast, a
division of Towers Perrin, from 1984 to 1989, and professor of
actuarial science at the College of Insurance from 1976 to
1984.
Beer received a bachelor's degree in mathematics from Manhattan
College and a master's degree in mathematics from the University of
Colorado. He was the president of the Casualty Actuarial Society in
1995. The Actuarial Standards Board independently establishes
and improves standards of actuarial practice. It was established
within and is supported by the American Academy of
Actuaries.
The American Academy of Actuaries is a 16,000-member
professional association whose mission it is to serve the public on
behalf of the U.S. actuarial profession. The Academy assists public
policymakers on all levels by providing leadership, objective
expertise, and actuarial advice on risk and financial security
issues. The Academy also sets qualification, practice, and
professionalism standards for actuaries in the United
States.
The Peter J. Tobin College of Business has provided the highest
quality business education for over eighty years. Many alumni
have risen to senior executive positions in the financial services
community in New York and around the world. Degrees offered
include the Bachelor of Science, Master of Business Administration
and Master of Science. The College encompasses the School of
Risk Management, Insurance and Actuarial Science, which is housed
at the University’s Manhattan location in the heart of the New York
financial district. For further information, please contact
Jennifer Maizel at (718) 990-6218 or email Maizelj@stjohns.edu.
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