Purpose – Risk management has grown increasingly popular in recent years due to the recognition that risk should be as actively managed as performance. A key objective of risk management is to evaluate performance in the context of the relative volatility in which business operations are...

Purpose – This paper aims to illustrates the use of the modern Graham and Dodd valuation methodology as a corporate M&A tool by way of case study. Design/methodology/approach – The paper presents a case study of the 1995 Berkshire Hathaway acquisition of GEICO and draws on previously...

Purpose: This paper illustrates the use of the modern Graham and Dodd valuation methodology as a corporate Mamp;A tool by way of case study.Design/methodology/approach: The paper presents a case study of the 1995 Berkshire Hathaway acquisition of GEICO and draws on previously published Graham...

Purpose: Risk management has grown increasingly popular in recent years due to the recognition that risk should be as actively managed as performance. A key objective of risk management is to evaluate performance in the context of the relative volatility in which business operations are...

The performance of the property and casualty (P&C) insurance industry has suffered in recent years, even prior to the losses incurred in the tragic events of September 11th. Part of the industry's difficulties stems from its focus on premium generation, as measured by the combined or...

The property and casualty insurance industry has historically focused on the underwriting ratio as the primary measure of operating performance. Many dramatic changes have occurred in this industry and its operating environment over the past 30 years. These changes have dramatically decreased...

Purpose – The purpose of this paper is to introduce the concept of an Enterprise Risk Scorecard. Design/methodology/approach – With the accelerating growth in global risk levels leading to an intense current demand for risk management solutions, an analysis was conducted on whether a...

The property and casualty (P&C) insurance industry has historically focused on the underwriting or combined ratio as the primary measure of operating performance. Many dramatic changes have occurred in this industry and its operating environment over the past 30 years, which have reduced the...