Purpose: Risk management has grown increasingly popular in recent years due to the recognition that risk should be as actively managed as performance. A key objective of risk management is to evaluate performance in the context of the relative volatility in which business operations are...

Purpose: This paper illustrates the use of the modern Graham and Dodd valuation methodology as a corporate Mamp;A tool by way of case study.Design/methodology/approach: The paper presents a case study of the 1995 Berkshire Hathaway acquisition of GEICO and draws on previously published Graham...

The performance of the property and casualty (P&C) insurance industry has suffered in recent years, even prior to the losses incurred in the tragic events of September 11th. Part of the industry's difficulties stems from its focus on premium generation, as measured by the combined or...

Changes in the property and casualty (Pamp;C) insurance industry, and changes in executive compensation in general, have lead to a situation where Pamp;C managers have increased opportunities and motivation to influence earnings. A significant opportunity to influence earnings arises out of...