The ART of Risk Management: Alternative Risk Transfer, Capital Structure, and the Convergence of Insurance and Capital MarketsJohn Wiley & Sons, 2002 M07 11 - 592 pages Learn about today's hottest new risk management tools One of the hottest areas of finance today, alternative risk transfer, or ART, refers to the use of various insurance products to manage market, credit, operational, legal, environmental, and other forms of risk. As the capital and insurance markets continue to converge, the number and complexity of new risk-defraying insurance products available to corporations, brokerages, money managers and other financial professionals will continue to grow. Expert Christopher L. Culp uses case studies of recent ART transactions used by risk managers to put the field into perspective for financial professionals and to acquaint them with the various types of risk control products now available. In addition he explores, in-depth, the links between ART, derivatives and bank-arranged risk financing, and he explains the key differences between classic insurance products and financial guarantees, risk financing, bundled layering, and other ART forms. |
Contents
PART II CAPITAL STRUCTURE AND RISK MANAGEMENT | 183 |
PART III CLASSICAL RISK TRANSFORMATION PRODUCTS | 243 |
PART IV ALTERNATIVE RISK TRANSFER PRODUCTS | 349 |
PART V PRACTICAL CONSIDERATIONS FOR WOULDBE ARTISTS | 489 |
545 | |
559 | |
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The ART of Risk Management: Alternative Risk Transfer, Capital Structure ... Christopher L. Culp No preview available - 2002 |
Common terms and phrases
actual addition amount assets balance bank benefits bond borrowing capital structure captive cash flows Chapter claims consider contingent contract corporate costs cover coverage customers debt decisions default defined derivatives discussed earnings equal equity event example excess exchange Exhibit expected exposure finance financial firm firm’s first fixed funds future guarantee hedge higher hold holders important increase interest internal investment investors involve issue less liability limit loan losses maturity million notes occur offer option paid patent payment percent period positive premium principal problem purchase receive reference reinsurance reserves result retained risk management risk transfer securities share shown shows specific Suppose swap theory tion trade transaction trigger types underlying underwriting usually