Reinsurance is a transaction insurance firms use to hedge risk. Existing studies have only investigated the demand for … reinsurance. Thus, we do not have direct evidence on whether the use of reinsurance creates value. Our study provides this … evidence. We find a positive relation between the use of reinsurance and value. This relation is nuanced. Our results suggest …

business lines; there is default clustering in the GI industry; different reinsurance levels also affect the credit risk of …

business lines; there is default clustering in the GI industry; different reinsurance levels also affect the credit risk of …

We investigate the impact of counterparty risk on contract design in the reinsurance market. We study a multiplicative …

Since 2008, catastrophic losses and financial turmoil have deeply shaken the insurance and reinsurance industries … players, and have increased attention on the subject of reinsurance counterparty risk. This corresponds to the exposure of an … considered as largely auto-regulated by the insurance market. The impact of reinsurance credit on an insurers' balance sheet …

Political Risk Insurance (and Reinsurance) market continues to grow rapidly. However, when looking at the available scientific … Insurance and Reinsurance - which can be easily implemented in standard IT tools …

Reinsurance is a versatile risk management strategy commonly employed by insurers to optimize their risk profile. In … this paper, we study an optimal reinsurance design problem minimizing a general law-invariant coherent risk measure of the … reinsurance premium principle and a premium budget constraint. Due to its intrinsic generality, this contract design problem …

This Long Finance research project sought to explore how cyber-catastrophe reinsurance might help mitigate cyber …-risk, establish some evidence of the appetite for such reinsurance, and examine how government might best provide support for the … Prosperity: Public-Private Cyber-Catastrophe Reinsurance" was released in July 2015 (press release).Co-sponsored by APM Group …