Insurance, Systemic Risk and the Financial Crisis

The Geneva Papers on Risk and Insurance - Issues and Practice - Tập 36 Số 1 - Trang 126-163 - 2011
Faisal Baluch1, Stanley Mutenga2, Chris G. Parsons2
1Commerzbank, 60 Grace Church Street, London EC3V OHR, U.K.
2Sir John Cass Business School, 106 Bunhill Row, London, U.K.

Tóm tắt

Từ khóa


Tài liệu tham khảo

Advisen (2008) The Crisis in the Subprime Mortgage Market and the Global Credit Markets: The Impact on E&O Insurers, Report from http://corner.advisen.com/Subprime_E_O_final_3.pdf .

Aon (2009) ‘Quarterly D&O Pricing Index’, Third Quarter 2009 from http://aon.mediaroom.com/index.php?s=63&item=359 .

Atradius (2009) Press release from http://atradius.hu/corporate/pressreleases/atradiusreports-2008-results.html .

Buhler, W. and Prokopczuk, M. (2007) Systemic risk: Is the banking sector special? Working Paper.

Coface (2009) Press release from http://www.coface.com/CofacePortal/COM_en_EN/pages/home/Who_we_are/Press_releases?news=090309 .

CRO Forum (2008) Comments on the Financial Crisis, from http://www.genevaassociation.org/portals/o/croforumfinancialcrisisOct2008%5B1%5D.pdf.

Csiszar, E.N. (2002) ‘Systemic risks and the insurance industry’, Department of Insurance State of South Carolina, from http://www.oecd.org/dataoecd/29/58/1939448.pdf .

De Nicolo, G. and Kwast, M.L. (2001) Systemic risk and financial consolidation: Are they related? The Federal Reserve Board Financial and Economic Discussion Paper No. 33, Washington DC.

Department for Business Innovation and Skills (2009) from http://www.bis.gov.uk/ .

Euler Hermes (2009) Press release from http://www.eulerhermes.com/en/financialnews/financial-news.html .

Financial Services Authority (2004) ‘Policy statement 04/16’, In Integrated Prudential Sourcebook for Insurers, London: Financial Services Authority.

Financial Services Authority (2009) Financial Risk Outlook 2009, London: Financial Services Authority, from http://www.fsa.gov.uk/pubs/plan/financial_risk_outlook_2009.pdf .

Gropp, R., Vesala, J. and Vulpes, G. (2004) ‘Market indicators, bank fragility and indirect market discipline’, Federal Reserve Bank of New York Policy Review 10 (2): 53–62.

IMF (2009) Global Financial Stability Report, April 2009.

Impavido, G. and Tower, I. (2009) How the financial crisis affects pensions and insurance and why the impacts matter, IMF Working Paper WP/09/151.

Jetuah, D. (2009) Accountancy Age, London, 8 January.

Lacroix, K. (2009) ‘The D&O Diary’, from http://www.dandodiary.com/2007/04/articles/securities-litigation/counting-the-subprime-lender-lawsuits/index.html .

Lloyd's (2008) Directors in the Dock—Is Business Facing a Liability Crisis, Report by Lloyd's of London in association with the Economist Intelligence Unit.

Mutenga, S., Artikis, P.G. and Staikouras, S.K. (2008) ‘A practical approach to blend insurance in the banking network’, The Journal of Risk Finance 9 (2): 106–124.

Parsons, C. and Mutenga, S. (2009) ‘Impact of the banking crisis on insurance markets’, in G.N. Gregoriou (ed.) The Banking Crisis Handbook, London: Chapman–Hall.

Reuters (2009) ‘Bancassurance model seen key to life product sales’, from http://uk.reuters.com/article/idUKLNE56Q05720090727 .

Robins, Kaplan, Miller & Ciresi LLP (RKMC) (2008) ‘Credit default swaps: From protection to speculation’, from http://www.rkmc.com/Credit-Default-Swaps-From-Protection-To-Speculation.htm .

Swiss Re (2003) Reinsurance—A systemic risk, Sigma No. 5/2003, Swiss Reinsurance Company, Zurich, Switzerland.

Swiss Re (2006) Credit insurance and surety: Solidifying commitments, Sigma No. 6/2006, Swiss Reinsurance Company, Zurich, Switzerland.

Swiss Re (2009) World insurance in 2008, Sigma No. 3/2009, Swiss Reinsurance Company, Zurich, Switzerland.