Christopher L. Culp
ISBN: 0-471-12495-8
Cloth
592 pages
April 2002

Alternative risk transfer (ART) is one of the hottest areas of finance. Investment banks, insurers, reinsurers, insurance brokers, and credit derivative dealers are all supplying new solutions to manage risk. The convergence of capital and insurance markets offers a whole new way of approaching risk: managing market, credit, operational, liquidity, environmental and legal risks through insurance products, or tapping the capital markets to reduce the cost of previously insured risks. Whether they are financial or non-financial companies, or municipalities, many companies are integrating these disparate exposures and managing them through ART transactions.