management) may depend on their access to capital markets. The property-casualty insurance industry has two features that make it …

risky investment, underwriting, reinsurance, and hedging; and (ii) the allocation of risk across all of these opportunities …

We develop an agent-based simulation of the catastrophe insurance and reinsurance industry and use it to study the … problem of risk model homogeneity. The model simulates the balance sheets of insurance firms, who collect premiums from … their investors and use either reinsurance contracts or cat bonds to hedge their tail risk. The model generates plausible …

The property catastrophe reinsurance industry faces a major challenge. Since 1989, climatic volatility has produced … financial approaches that bring the insurance industry closer to the securities industry. This article discusses the new …

The use of captive reinsurance arrangements in life insurance has generated significant debate and led to recent … adoption of new regulatory requirements by the National Association of Insurance Commissioners (NAIC). This paper provides an … overview of the regulatory reserve requirements that spurred growth in captive reinsurance and how captive arrangements are …

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 … liquidity and reinsurance. I use a panel on publicly traded insurers in the United States (US) from 2000 to 2021. The data is …

The purpose of the paper is to provide some support to the thesis that insurance may reduce the cost of capital in a … insurance as a retrospective (post-loss) risk financing tool and the risk transfer mechanism upon it. As the risk financing tool … insurance reduces the need for the balance-sheet capital in a company and thus the financial distress costs. Also, insurance may …

The purpose of the paper is to provide some support to the thesis that insurance may reduce the cost of capital in a … insurance as a retrospective (post-loss) risk financing tool and the risk transfer mechanism upon it. As the risk financing tool … insurance reduces the need for the balance-sheet capital in a company and thus the financial distress costs. Also, insurance may …

-distance medieval trade was indeed highly costly and risky and that (ii) maritime insurance, with higher protection against the non …

The variation in the degree of price regulation in the property-liability insurance market in Canada varies across time …