Reinsurance is an integral transaction to the insurance business and carries real economic consequences. While the previous literature on risk management has examined the effects from reinsurance, in more recent years there is a growing interest on the topic of sustainability and its...

Insurers act as institutional investors and underwriters of risk, therefore improving their own environmental, social, and governance (ESG) performance is important for the transmission of ESG values to all other economic sectors. We analyze ESG scores of worldwide Property and Casualty (P&C)...

Bank holding companies and its internal capital market have been widely discussed in recent financial literature and especially since the financial crisis which posed the question for regulatory intervention in the financial markets anew. From an economic point of view, the source of financing...