1. Diversity in the Actuarial Profession Bob Mucci Transatlantic Reinsurance Company CAS Spring Meeting May 19 – 22, 2002

2. A Global Profession  According to the International Actuarial Association, the actuarial profession is the most truly globally organized profession.  The IAA currently has 44 Full members plus 23 Observer members comprising over 30,000 fully qualified actuaries in more than 50 countries.  The IAA is recognized as a non-profit, non- political and non-governmental organization on the Roster of the Economic and Social Council of the United Nations.

3. A Global Business  Transatlantic Reinsurance is a leading international reinsurance organization with operations in twelve different countries on six continents.  Roughly half of our business emanates from outside the United States.  We write business in more than 80 different countries.

4. A Global Department  21 Actuaries Worldwide  14 Male, 7 Female  13 Different Native Countries  Fluent in 12 Different Languages  Credentialed in 7 Different Actuarial Organizations

5. Actuaries in TRC New York Office  USA  Taiwan  Canada  China  Guyana  Haiti  Iran  Peru  Russia  Belarus 4 2 1 1 1 1 1 1 1 1 10 Male 4 Female

6. Actuaries in TRC London Office  Ireland  United Kingdom  USA 1 1 1 2 Male 1 Female

7. Actuaries in TRC Zurich Office  Canada  South Africa  United Kingdom 1 1 1 1 Male 2 Female

8. Actuaries in TRC Paris Office  Canada 1 1 Male

9. Benefits  By expanding the pool of talent we can find the best qualified people.  Multiple language skills enable us to read submissions in other languages and communicate more effectively with our branches and our clients.  First hand knowledge of the insurance market and legal systems of other countries helps us to better understand and evaluate the business.  A diverse staff helps to foster an intellectually stimulating and enjoyable work environment.

10. Accomodations  Sponsorship for green card or visa.  Occasional long vacation in order to travel home and visit friends and family.  Access to classes or other opportunities to improve written and spoken English skills.

11. Recruiting Tips  Keep an open mind.  Don’t mistake a lack of confidence speaking English for poor communication skills.  Weigh a person’s accomplishments against any obstacles or barriers he or she may have had to overcome.  Remember that as with any team, not all jobs within a department require the exact same set of skills.

12. Discussion and Comments