Allstate Announces New Asset/Liability Management Vice President.Business Editors NORTHBROOK, Ill.--(BUSINESS WIRE)--Sept. 10, 2003 Allstate Financial announces that effective August 13, 2003 Anson J. (Jay) Glacy, Jr. has joined the company as vice president of asset/liability management Asset/Liability Management A technique companies employ in coordinating the management of assets and liabilities so that an adequate return may be earned. Also known as "surplus management. for Allstate Financial. Glacy comes from GeneralCologne Re Capital, where he was a vice president and actuary. In his new position, Glacy will head Allstate Financial's Asset/Liability Management (ALM) operations, ensuring that capital market risks as they affect the company's financial performance are properly measured and controlled. Glacy will report to Casey Sylla, president, Allstate Financial. "We're pleased to have Jay on board to focus our risk management efforts and assist in the development of market-leading products for the retail and institutional markets," said Sylla. "Today's demanding competitive environment and the critical role that the capital markets play in the insurance industry's performance both underscore the vital importance of a solid and well defined ALM function." Prior to his position at GeneralCologne RE Capital, Glacy was senior consulting actuary at Ernst & Young for seven years, providing strategic capital market risk advisory services advisory services advisory services provided to the public, in their capacity as owners and managers of animals, are an important part of veterinary science. They may be provided by government bureaux, by commercial companies who deal in pharmaceuticals or animals or animal to the life insurance industry. He is a frequent contributor to industry periodicals, writing on emerging topics of interest to industry professionals, and a prominent speaker in actuarial and investing circles. Glacy graduated with a bachelor of science Noun 1. Bachelor of Science - a bachelor's degree in science BS, SB bachelor's degree, baccalaureate - an academic degree conferred on someone who has successfully completed undergraduate studies in mathematics from Seton Hall University Seton Hall University is a private Roman Catholic university located 14 miles from Manhattan in historic South Orange, New Jersey. Founded in 1856 by Archbishop James Roosevelt Bayley, Seton Hall is the oldest diocesan university in the United States. . He has also earned both Chartered Financial Analyst Chartered Financial Analyst (CFA) An experienced financial analyst who has passed examinations in economics, financial accounting, portfolio management, security analysis, and standards of conduct given by the Institute of Chartered Financial Analysts. and Associate in the Society of Actuaries Mission Statement The Society of Actuaries is a professional organization for actuaries based in North America. Its headquarters are located in Schaumburg, Illinois. designations. The Allstate Corporation (NYSE NYSE See: New York Stock Exchange :ALL) is the nation's largest publicly held personal lines insurer. Widely known through the "You're In Good Hands With Allstate(R)" slogan, Allstate provides insurance products to more than 16 million households and has approximately 12,300 exclusive agents and financial specialists in the U.S. and Canada. Customers can access Allstate products and services through Allstate agents, or in select states at allstate.com and 1-800-Allstate(R). Encompass(SM) and Deerbrook(R) Insurance brand property and casualty products are sold exclusively through independent agents. Allstate Financial Group includes the businesses that provide life insurance, retirement and investment products, through Allstate agents, workplace marketing, independent agents, banks and securities firms. |
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