Purpose – The purpose of this paper is to test for the existence of residual moral hazard in the three largest US reinsurance markets over the period 1995-2000 and examine the effectiveness of retention limit, experience rating and long-term contracting relationship in controlling for moral...

Purpose – The purpose of this paper is to test for the existence of residual moral hazard in the three largest US reinsurance markets over the period 1995‐2000 and examine the effectiveness of retention limit, experience rating and long‐term contracting relationship in controlling for...