Insurance activities cannot be solely based on pooling arguments as issued policies share common risk drivers which can …

Does a catastrophe bond issue increase the insurance firm value to shareholders? By issuing such bonds, insurance … size on the firm's value, and a positive impact of the insurance firm's securitization experience. Our findings offer …

Insurance securitization has long been hailed as an important tool to increase the underwriting capacity for companies … exposed to catastrophe-related risks. However, global volumes of insurance securitization have remained surprisingly low to … date which raises questions over its benefits. In this paper, we examine changes in the market value of insurance and …