*First Announcement **25th International Summer School of the Swiss Association of Actuaries (2012) *Topic: *Market Valuation Methods *Teachers: *Antoon Pelsser* and *Antje Mahayni *Location: University of Lausanne Dates: 13-17 August 2012 The web site ( www.saa-iss.ch <http://www.saa-iss.ch/> ) has been updated, and registration is open. Please inform all people you know who might be interested. Best regards, François Dufresne