Article | Journal of Banking & Finance | January 2008

On the Pricing of Intermediated Risks: Theory and Application to Catastrophe Reinsurance

by K. A. Froot and P. O'Connell

Keywords: Catastrophe Risk; corporate finance; Banking and Insurance; Hedging; banking; Insurance; Financial Markets; Insurance; Policy; Risk Management; Natural Disasters; Cost of Capital; Asset Pricing; Insurance Industry;

Citation:

Froot, K. A., and P. O'Connell. "On the Pricing of Intermediated Risks: Theory and Application to Catastrophe Reinsurance." Special Issue on Dynamics of Insurance Markets: Structure, Conduct, and Performance in the 21st Century Journal of Banking & Finance 32, no. 1 (January 2008): 69–85. (Revised from NBER Working Paper No. 6011, April 1997, Harvard Business School Working Paper No. 98-024, 1997.)