We investigate the effect of line-of-business diversification on asset risk-taking in the U.S. property …-diversified insurers, and that the degree of asset risk-taking is positively related to diversification extent. Our results are robust to … corrections for potential endogeneity bias, selectivity bias, and alternative diversification and asset risk measures. We also …

&L) insurance industry for the period 2007-2018. We employ a two-step approach: we first investigate the drivers of diversification …We investigate the relationship between product diversification and performance in the Dutch property-liability (P … and, as a second step, we investigate the impact of diversification on risk and return. Our results suggest that the …