This paper presents a dynamic model of the reinsurance market for catastrophe risks. The model is based on the … features with the real market. In particular, market price increases and reinsurance coverage decreases after large shocks, and … reducing reinsurance supply, and the market is segregated into strategic large actors that influence market prices and price …

In this paper, we consider optimal reinsurance from an insurer's point of view. Given a (low) ruin probability target …, insurers want to find the optimal risk transfer mechanism, i.e. either a proportional or a nonproportional reinsurance treaty …. Since it is usually admitted that reinsurance should lower ruin probabilities, it should be easy to derive an efficient …

A captive is an insurance or reinsurance company established by a parent group to finance its own risks. Captives mix … internal risk pooling between the business units of the parent group and risk transfer toward the reinsurance market. We … firstly business units to insurance captives or to "fronters" through insurance contracts, secondly fronters to reinsurance …