Professor Cairns is well known internationally for his work on asset-liability modelling for pension plans and on modelling long-term interest-rate risk. He is editor of the international actuarial journal ASTIN Bulletin and his recently-published textbook "Interest Rate Models: An Introduction" (Princeton University Press) has been listed in the 2004 Top 10 Books in Finance by two independent websites.
Professor Waters has an international reputation for his work in the modelling of Permanent Health Insurance and in Risk Theory. He is author or joint author of four monographs on Credibility Theory, Risk Theory, Ruin Theory and Stochastic Life Contingencies (which are available from the Institute of Actuaries and the Faculty of Actuaries).
Professor Macdonald is Director of the Genetics and Insurance Research Centre (GIRC). Assessment of the likely impact of genetic testing on insurance is a relatively new subject in actuarial science. Under Prof Macdonald's guidance the centre has rapidly established itself as the leading group in the world in this field.
Professor Wilkie is one of the world's foremost actuaries with an outstanding, international reputation in many fields of research. In his role as Research Consultant he visits the department regularly to discuss and develop research.
Emeritus Professor John McCutcheon CBE, MA, PhD, DSc, FFA, FRSE
is a past-president of the Faculty of Actuaries. He is an internationally renowned authority on Mortality Theory and is a member or chairman of many important national and international committees related to actuarial work and insurance. Along with William Scott he wrote the standard textbook An Introduction to the Mathematics of Finance.
Emeritus Professor James Gray, OBE, FFA, is also closely linked ot the Department.
The staff of the department also includes financial mathematicians, probabilists and statisticians. The staff as of 13.8.04 includes:
The details of 6 new staff will be added here later in 2004.
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