Structured Finance and Insurance : The ART of Managing Capital and Risk (Wiley Finance)
Editorial Reviews
Book Description
A fresh look at how non-financial corporations can use structured finance, insurance, and alternative risk transfer to create value through the integrated management of capital and risk Structured finance, insurance, and alternative risk transfer (ART) are among today s hottest areas of finance. However, recent controversies have created suspicions (often needlessly) about the real purpose of many of these products. Expert Christopher Culp offers the most comprehensive read on these topics. He explores their economic rationale, and takes a detailed look at how recent transactions and deals are representative of the growing trend toward the integrated management of capital and risk in the non-financial corporate sector. In a final section, Culp has secured guest essays from some of the top experts in the field on recent case studies and controversies. Christopher L. Culp, PhD (Chicago, IL), is Director of Risk Management Consulting Services, Inc. in Chicago and Bern, Switzerland, and Senior Fellow in Financial Regulation at the Competitive Enterprise Institute in Washington, D.C. His previous books from Wiley include Risk Transfer (0-471-46498-8), The Risk Management Process (0-471-40554-X), The ART of Risk Management (0-471-12495-8), and Corporate Aftershock (as coeditor with William Niskanen) (0-471-43002-1). He holds a PhD in finance from The University of Chicago s Graduate School of Business, where he is now an adjunct professor of finance.
From the Inside Flap
The evolution and development of structured finance and structured insurance (a.k.a. alternative risk transfer or ART) have provided increasing numbers of nonfinancial corporations with dynamic new techniques for creating value by integrating the management of capital and risk. A practical obstacle, however, has been the difficulty of structuring efficient, customized solutions to risk and capital management without-intentionally or not-creating even larger problems and pitfalls.
Structured Finance and Insurance explores the develop?ment of this new generation of products and solutions for managing market, credit, operational, legal, and other risks in the context of the broader themes of corporation finance and risk management. Risk managers, treasurers, and CFOs on the corporate side, as well as reinsurers, insurance brokers, and investment bankers on the product side, will gain new insights and knowledge through its well-organized approach:
Structured Finance and Insurance provides today's most detailed and well-grounded coverage of the latest alternatives for managing corporate risks by either employing insurance solutions or accessing capital markets. Case studies and examples help practitioners to understand that while insurance and financial solutions are in many ways similar, they often possess critical differences that can explode on the unwary user. By helping capital markets and insurance professionals to speak the same language-the common language of capital management and corporate finance-this essential book will bring structure and precision to an often-cloudy world and help eliminate the confusion that has, in the past, turned the convergence of structured finance and insurance from a financial boon to a headline-making nightmare.
Structured Finance and Insurance : The ART of Managing Capital and Risk (Wiley Finance)
Structured Finance and Insurance : The ART of Managing Capital and Risk (Wiley Finance),Christopher L. Culp,Wiley,0471706310,Asset-backed financing,Business & Economics,Business / Economics / Finance,Business/Economics,Corporate Finance,Finance,Insurance - General,Risk And Insurance Administration,Risk management,Securities,Strategic Planning,Budgeting & financial management,Business & Economics / Finance
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