The announcement of a share repurchase provides a firm’s management with the opportunity to communicate with existing and potential shareholders. Our results indicate that voluntary information disclosed by management in an insurance company’s repurchase announcement concerning the future...

There has been and will continue to be strong concern among insurance industry regulatory, insurance company executives, and consumers regarding insurance company solvency. Public interest in minimizing insurance company insolvency is only natural, since insurance companies have prepaid...

We analyze intercorporate asset sales where equity is the means of payment, and compare the results to cash asset sales. Equity deals are value-enhancing for both buyers, 10%, and sellers, 3%, while cash sales generate seller returns of 1.9% and buyer returns that are not significant. Combined...