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 …

Our study analyses the extent of integration of the EU market for life and non-life insurance. The main integration … even less advanced for life than for non-life insurance and that mergers and acquisitions are the dominant strategy to … access a foreign market. Besides summarising the liberalisation history of the European insurance sector and discussing …

The variation in the degree of price regulation in the property-liability insurance market in Canada varies across time … higher levels of financial leverage. Using an instrumental variable for the stringency of price-regulation, this paper … theory but do not conclude on whether the increase in financial leverage is a strategic decision or a natural reaction to …

This paper investigates strategic brinksmanship between regulated property-liability insurance firms and their … regulators. Prior research suggests that firms increase their financial leverage, and thus their probability of bankruptcy and … expected bankruptcy costs, in order to mitigate the severity of binding price ceilings. Although financial leverage can be …

costs hypothesis, a high leverage or a low equity/asset ratio reduces the agency costs of outside equity and increases firm … value. Several studies show that a firm with high leverage tends to have an optimal capital structure and therefore it leads … Islamic Banks in Malaysia, under which high leverage firm tends to reduce agency costs. We set the profit efficiency of a bank …

the insurance industry; the latter typifies the securities industry. Both are needed to manage today's catastrophic risks … future. Hedging unknown catastrophic risks requires a blend of skills from the securities and the insurance industries. By …

firm’s leverage significantly determines its coalmining fatality: A 10% increase in the debt ratio leads, on average, to a … 3% increase in the number of death tolls. It suggests that reducing leverage in coalmining firms can be an effective way …

show that profitability and liquidity are negatively and significantly related to leverage. Also asset tangibility has a … positive relationship with leverage, which is significant. Moreover the researcher finds that total debt ratio at market value …

show that profitability and liquidity are negatively and significantly related to leverage. Also asset tangibility has a … positive relationship with leverage, which is significant. Moreover the researcher finds that total debt ratio at market value …