risky investment, underwriting, reinsurance, and hedging; and ii) the allocation of risk across all of these opportunities …

risky investment, underwriting, reinsurance, and hedging; and (ii) the allocation of risk across all of these opportunities …

Risk transfer is a key risk and capital management tool for insurance companies. Transferring risk between insurers is … environment of insurers and consider capital costs and capital constraints at the level of individual insurance companies. We …. However, from a network perspective, we derive a unique fair solution in the sense of cooperative game theory. Implications …

management) may depend on their access to capital markets. The property-casualty insurance industry has two features that make it …