As financial markets become more global, the question arises whether any country specific considerations are still relevant for insurance companies' capital structure. This research examines this questions with firm-level data across a broad range of countries including those in developing...

We analyse Strategic Groups in the German insurance market. We use cluster analysis to subdivide Insurance Groups into Strategic Groups. Furthermore, we analyse whether Strategic Group affiliation can affect the performance of the Insurance Groups' property-liability subsidiaries. In addition,...