Purpose: This study is designed to investigate how the use of reinsurance affects the primary insurers' profitability and pricing on their insurance products. Design/methodology/approach: This study examines the impact of reinsurance on the insurers’ profitability using a two stage least...

Purpose – The purpose of this study is two-fold. The first purpose is to properly measure the level of US property and liability (P/L) insurers liquidity creation, applying the liquidity creation measure developed by Berger and Bouwman. The second purpose is to identify factors affecting P/L...

Purpose – The purpose of this paper is twofold: first, this paper measures how much liquidity is transformed by the US life insurance industry for the sample period; and Second, this study tests the “risk absorption” hypothesis and “financial fragility-crowding out” hypothesis to...