In this study I investigate for a nonlinear relation between an insurer’s liquidity and its use of reinsurance. I view reinsurance within the context of why publicly traded firms hedge. Within this context, conceptual models of liquidity hedging and related empirical results offer conflicting...

Concentration in the U.S. insurance industry's market shares and ownership, coupled with a network interlocking ownership relationships by institutional investors, raise social concerns. Studying the relationship between Tobin's q and corporate governance features of the industry, we fail to...

Some of the largest global insurers are actively pursuing the recently enacted Principles for Sustainable Insurance (PSI). While the concept of sustainability is often associated with a governance design that promotes stakeholder value the PSI do not appear to be a call for stakeholder-focused...