necessity of supervision of pension funds and the insurance sector are derived. The paper also assesses the investment …

necessity of supervision of pension funds and the insurance sector are derived. The paper also assesses the investment …

that insurance companies hold. Until very recently and within the scope of Solvency II, liquidity risk was only considered … under Pillar II, i.e. the proposal was that insurance companies should perform a mere qualitative evaluation of it. Nowadays … Portuguese insurance sector, using actual portfolio holdings. The main empirical findings confirm liquidity risk is an important …

We study the role of insurance companies in propagating liquidity shocks to the real economy. We use natural disasters … Katrina, which triggered large, unexpected redemptions of property-insurance contracts, prompting exposed insurers to sell … disaster-exposed insurers cause low GDP growth and high unemployment. Our results indicate that insurance companies propagate …

demand liquidity, and insurance companies, which hold large amounts of corporate bonds. They often trade in opposite …

corporate bond market trades with securities lending transactions and individual corporate bond holdings by U.S. insurance …

corporate bond market trades with securities lending transactions and individual corporate bond holdings by U.S. insurance …