Gatzert, Nadine; Schmeiser, Hato - Institut für Versicherungswirtschaft <Sankt Gallen> - 2008
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The authors are with the University of St. Gallen, Institute of Insurance Economics, Kirchlistrasse
2, 9010 St. Gallen … entities whose primary business is financial and whose regu-
lated entities engage to a significant extent in at least two of … subsidi-
ary is an asset to the parent. In the analysis, we assume that the subsidiary will continue in
business after t = 1 …