Not much to say today, other than I am rather excited that I can finally call myself a published author! Today, the Casualty Actuarial Society published Volume 7 Issue 1 of Variance which contains a paper on capital tranching on which I am a co-author. The paper itself is on pages 82–91. This is a rich area and the authors are actively collaborating on further research, so who knows, in a few years, we may see a follow up article!