The aim of this paper is to merge order statistics with natural catastrophe reinsurance pricing to develop new …

We explore two theories that have been advanced to explain the patterns in U.S. catastrophe reinsurance pricing. The … second holds that the supply of capital to the reinsurance industry is less than perfectly elastic, with the consequence that … prices are bid up whenever existing funds are depleted by catastrophe losses. Using detailed reinsurance contract data from …

supply of intermediary capital is perfectly elastic. We take the US catastrophe reinsurance market as an example, using … results suggest that the price of reinsurance generally exceeds fair' values, particularly in the aftermath of large events …

This paper examines the optimal design of insurance and reinsurance policies. We first consider reinsurance for … catastrophes: risks which are large for any one insurer but not for the reinsurance market as a whole. Reinsurance for catastrophes … public optimal reinsurance employs a deductible-style deductible-style excess-of-loss policy, and when is is private but the …

This study presents an easy-to-handle approach to measuring the severity of reinsurance that faces a system of … dependent claims, where the reinsurance contracts are of excess loss or proportional loss. The proposed approach is a natural … generalization of common reinsurance methodologies providing a conservative framework that deals with the fundamental question of how …