, we forecast future leverage ratios and include them in the set of default risk drivers. The analysis is done with a …

credit-risk models, a sufficiently low asset value, is also described by a low ratio of the equity price to the firm …

players, and have increased attention on the subject of reinsurance counterparty risk. This corresponds to the exposure of an …. In this article, we address the current state of reinsurance counterparty risk and existing means by which to measure it …. We then discuss the impact of market discipline on this risk and point out the importance of control within the …

There exists strong commonality in credit risk across sovereigns [Pan and Singleton (2008); Longstaff, Pan, Pedersen …

operation are not well understood. The paper covers topics such as counterparty risk in CDS markets, the "empty creditor …

The topic of insolvency risk in connection with life insurance companies has recently attracted a great deal of … company are affected by the default risk and the choice of the relevant bankruptcy procedure. As an example, the US Bankruptcy …. Life insurance liabilities at market value: An analysis of insolvency risk, bonus policy, and regulatory intervention rules …