risk. This paper focuses on the transmission of sovereign risk to insurance companies as some of the largest institutional … effects from sovereign risk to domestic insurers. The impact on insurers is larger than for non-financial firms and slightly … on European data, we show that risks in sovereign bond portfolios are an important driver of insurer risk, which is not …

Using a measure of global political risk, relative to the U.S., that captures unexpected political conditions, we show … that political risk is priced in the cross section of currency momentum and contains information beyond other risk factors … such strategies are compensated for the exposure to the global political risk of those currencies they hold, i.e., the past …