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A captive is an insurance or reinsurance company established by a parent group to finance its own risks. Captives mix … retrocessions. In particular, the risk cession by fronters to a reinsurance captive trades o¤ the benefits derived from recouped … captive liabilities. The optimal captive scheme depends on the price of coverage in insurance and reinsurance markets and on …
examines whether captive/independent VCs privilege partnerships with firms with specific skills? We develop a theoretical … analysis to compare the syndication behaviors of independent and captive VCs. Based on a game-theoretical approach, we model …. The first is related to the heterogeneity between a captive and an independent VC in relation to the returns from the …
This paper explores insurance as a source of financial system vulnerability. It provides a brief overview of the insurance industry and reviews the risks it faces, as well as several recent failures of insurance companies that had systemic implications. Assimilation of banking-type activities by...
Перестрахование способствует созданию сбалансированного страхового портфеля, повышению финансовой устойчивости страховой организации. Развитие...
The staff report highlights that the insurance sector in Sweden is well developed and mature. The captive insurance …
The study of natural catastrophe models plays an important role in the prevention and mitigation of disasters. After the occurrence of a natural disaster, the reconstruction can be financed with catastrophe bonds (CAT bonds) or reinsurance. This paper examines the calibration of a real...