It is widely recognized that ?market failure? prevents efficient risk sharing in natural disaster insurance. As a consequence, many countries adopted institutional frameworks presenting public sector participation, often praised as public-private partnerships. We define risk selection as a...

It is widely recognized that market failureʺ prevents efficient risk sharing in natural disaster insurance. As a consequence, many countries adopted institutional frameworks presenting public sector participation, often praised as public-private partnerships. We define risk selection as a...

Chapter 1 Reinsurance in America Regulatory Regimes and Markets -- Chapter 2 Dutch reinsurance and the first wave of globalization -- Chapter 3 Swedish Reinsurers in the Non-Life Sector -- Chapter 4 The ups and downs of French reinsurance in the 20th century -- Chapter 5 The ups and downs of...