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transactions of non-agency RMBS by insurance companies from 2006 to 2009, we show that insurance companies that became more capital … at much lower prices than other insurance companies during the crisis …
Persistent link: https://www.econbiz.de/10009625918
risk taking for 112 listed US insurance companies over 2003- 2010. Using OLS, system GMM and 3SLS, we find that board …
Persistent link: https://www.econbiz.de/10013084074
risk taking for 112 listed US insurance companies over 2003-2010. Using OLS, system GMM and 3SLS, we find that board …
Persistent link: https://www.econbiz.de/10013077148
This study examines the relation of incentives and risk taking for 104 listed U.S. insurance companies over 2006 …
Persistent link: https://www.econbiz.de/10013077172
We assess the capacity of the U.S. property-liability insurance industry and the efficiency of the state guaranty fund … over time under assumptions of increasing loss frequency and severity. We find that some attributes of insurance guarantees … present short-term problems for policyholders and create long-term challenges for competitive private insurance markets …
Persistent link: https://www.econbiz.de/10013491621
This paper examines the potential for the U.S. insurance industry to cause systemic risk events that spill over to … detailed financial analysis of the insurance industry, its role in the economy, and the interconnectedness of insurers. The … the potential to cause systemic risk, and most global insurance organizations have exposure to derivatives markets. To …
Persistent link: https://www.econbiz.de/10013068902
This paper documents the long-run effects of an important reform of capital regulation for U.S. insurance companies in … evidence that the insurance industry, driven by large life insurers, crowds out other investors in the new issuance of (high …-yield) MBS post reform. Our findings are consistent with the view that the regulation and supervision of the U.S. insurance …
Persistent link: https://www.econbiz.de/10012842721
This paper demonstrates that rating-based capital requirements, through their impact on insurers' investment demand, affect corporate bond prices. Consistent with insurers' low demand for investment-grade (IG) bonds with a rating close to non-investment-grade, these bonds are underpriced....
Persistent link: https://www.econbiz.de/10012854113
Persistent link: https://www.econbiz.de/10013057137
-life insurance sectors. We first document M&A transactions in the US insurance market between 1990 and 2022 and select the M …&A transactions related to US target insurers. We then study the evolution of the life and non-life insurance sectors over time in … over time. We empirically test the difference between the M&As of the life and non-life insurance sectors by employing a …
Persistent link: https://www.econbiz.de/10014350134