Welcome to the OCCA Fall Meeting November 9, 2005 Agenda 1. 2. 3. 4. Business Session Darlene Hall, FSCO – GISA: New Automobile Statistical Plan August Chow, OSFI – Finite Reinsurance – Regulator Perspective David Oakden, CAS Board – Current CAS Issues and Directions Minutes of the OCCA Spring Meeting June 2, 2005 The Ontario Conference of Casualty Actuaries (OCCA) held its Spring meeting on Thursday, June 2, 2005 at Ernst and Young Tower, located at 222 Bay Street, Toronto, Ontario from 4:00 to 6:30 p.m. 1. 2. 3. A motion to approve the minutes of the November 4, 2004 Fall Meeting was carried. A motion to approve the new members and subscribers was carried. The membership survey results, the newsletter initiative and the upcoming golf tournament were discussed. Minutes of the OCCA Spring Meeting June 2, 2005 4. The following topics were addressed by our guest speakers: a. b. c. 5. Jordan Solway of Chubb – Current Issues, Trends & Developments in D&O Liability Barb Addie of Baron Insurance Services – Reform or the Road to Government Insurance Charles McLeod, President of the CIA – What’s Happening at the CIA? The meeting was adjourned. OCCA Income Statement for the 12 months ended September 30, 2005 Dues from Members and Subscribers Investment Income Newsletter advertising Meetings: Spring/Fall Fees 0 Expenses 2,672 Net (2,672) OCCA Scholarships Donation Administrative Expenses NET INCOME (LOSS) Golf 6,125 5,722 403 2005 5,100 0 600 2004 4,820 0 0 (2,270) (3,000) (100) (30) (3,186) (3,000) 0 (30) 300 (1,396) OCCA Statement of Financial Position and Changes in Equity as at September 30, 2005 2005 ASSETS Cash Receivables 34 OCCA mugs (at cost) Total Assets LIABILITIES AND EQUITY Outstanding cheques Equity Balance as at Sep 30, 2004 Net Income (Loss) Balance as at Sep 30, 2005 Total Liabilities and Equity 2004 14,872 0 138 15,010 10,628 0 214 10,842 8,330 4,463 6,679 15,010 6,379 10,842 6,379 300 Recipients of the 2005 OCCA Scholarship Yi Zhu – Judy Wong – University of Western Ontario University of Waterloo Daniel H. Alai – University of Waterloo The following 6 persons have applied for admission as subscribers of OCCA: Grace Gong Roch Lacroix Brendan O’Malley Cristina Ravineala Eugene Schmeilin Sebastien Vachon The following 6 persons have applied for admission as members of OCCA: Vera Afanassieva Denise Cheung John Gaines Michael Lardis Erika Schurr Luc Tanguay Fourth Annual OCCA Golf Tournament Held August 23 Cardinal Golf Club 45 people attended Winning foursome: Charles Paré Sophie Robichaud Eileen Young Mike Jack Other business Survey said – More social events Contact the executive if you wish to volunteer to organize an event. – Business skills seminars A seminar on presentation skills is being planned. Newsletter – – Comments, feedback and submissions are welcomed Contact the executive to place advertising Nominees for Executive Positions Vice-President Anne Marie Klein-Lee Secretary-Treasurer Erika Schurr OCCA Executive for 2005-06 President – Lisa Guglietti Vice-President – Anne Marie Klein-Lee Secretary-Treasurer – Erika Schurr