This paper documents novel evidence on the influence of political incentives in the regulatory enforcement of foreign bribery. Using case-level data from the U.S. Securities and Exchange Commission and U.S. Department of Justice, we find strategic discretion in the timing of enforcement in the...

Stop-loss reinsurance is a risk management tool that allows an insurance company to transfer part of their risk to a reinsurance company. Ruin probabilities allow us to measure the effect of stop-loss reinsurance on the solvency of the primary insurer. They further permit the calculation of the...