Frank Redington
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Frank Mitchell Redington (10 May 1906 - 23 May 1984) was a noted British actuary.
He was born in Leeds and attended Liverpool Institute for Boys, and Cambridge University. He joined the staff of the Prudential life insurance company in 1928 and became its Chief Actuary in 1951, continuing in that capacity until his retirement in 1968. He was the Chairman of the Life Offices’ Association from 1956-1957 and president of the Institute of Actuaries 1958-1960. Redington was best known for his development of Immunization Theory [1] which specifies how a fixed income portfolio can be "immunized" against changing interest rates.
[edit] References
- ^ Redington, F. M. (1952). Review of the Principles of Life Office Valuations. Journal of the Institute of Actuaries, vol. 78, pages 286-340.
[edit] Sources
Chamberlin, Gary (ed.)(1986), A Ramble Through the Actuarial Countryside: The Collected Papers & Speeches of Frank Mitchell Redington, MA, Staple Inn, UK: Institute of Actuaries Students’ Society. ISBN 0-901066-12-5
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