Reinsurance is the primary source of interconnectedness in the insurance industry. As such, reinsurance connectivity … paper, connectivity within the U.S. property-casualty (P/C) reinsurance market is modeled as a network. We model the network … of all primary insurers and reinsurers in the market. We analyze all bilateral reinsurance counterparty relationships …

This article investigates market discipline in the reinsurance market by examining the sensitivity of reinsurance … rating of reinsurers as a proxy for reinsurance counterparty risk, we find evidence of market discipline that reinsurance … demand is sensitive to counterparty risk. Specifically, reinsurance demand reacts negatively to reinsurer rating downgrades …

providing reinsurance and it can enter insurance arrangements on behalf of future generations. Optimal reinsurance includes …