ACTUARIAL VALUATION OF PROPERTY/CASUALTY INSURANCE COMPANIES

There has been a surge of insurance company acquisition and merger activity in the United States and Europe in recent years. Most of this activity has been in the life insurance area, but the pace of property/casualty activity has picked up recently, and there are predictions of heavy future activity. The bibliography following this paper is not an exhauxtivc list of readings on the subject of actuarial valuations of insurance companies. but it represents an impressive library of actuarial readings on the subject of life company valuations. However, there is scant actuarial literature on the subject of casualty company valuations, and such discussions are absent from our Procrec1ing.s.