Life insurers use reinsurance to move liabilities from regulated and rated companies that sell policies to shadow …

Life insurers use reinsurance to move liabilities from regulated and rated companies that sell policies to shadow …

In a shadow insurance transaction, a life insurer purchases reinsurance from an affiliated company that is licensed as …, such transactions create reinsurance default risk, or the risk that captive reinsurers will default on their obligations to … longer be allowed to receive favorable accounting treatment for the reinsurance transactions that are part of a larger shadow …

Life insurers use reinsurance to move liabilities from regulated and rated companies that sell policies to shadow …

insurance by examining every reinsurance agreement on the Schedule S filings. Using both DCoVaR and SRISK measures, we find that …