This paper identifies the risk and risk-adjusted return determinants of US insurers. We find that the significant firm-specific determinants for risk and risk-adjusted return vary slightly for the risk proxy and risk-adjusted return proxy used, and the types of insurers. We find that in general,...

This paper examines dependency among stock returns, the line of business in the non-life insurance industry and solvency II margin capital requirements. It is too early to find general insurers being listed in NSE. Investors' reaction to the dependence between lines of non-life business is...