the cost of increasing systemic risk. Later, a follow-up study showed that a particular strategy of securitization with … tranches can help avoid this trade-off. We extend the theoretical work on securitization by considering all possible strategies … for securitization with two tranches, by finding their corresponding optimal diversification solutions, and by discussing …

arrangements among global reinsurers (retrocession). The authors find that contagion in the global reinsurance market is plausible …

insurance by examining every reinsurance agreement on the Schedule S filings. Using both DCoVaR and SRISK measures, we find that …

-related losses, floundering investments, and limited access to capital markets. Catastrophe reinsurance premiums have risen and … reinsurance, catastrophe derivatives, industry loss warranties, and insurance-linked securities). We explore the relative benefits …