Alternative Risk Transfer: Integrated Risk Management through Insurance, Reinsurance, and the Capital Markets: 262 (The Wiley Finance Series) - Hardcover

Banks, Erik

Hardcover

ISBN 10: 0470857455 ISBN 13: 9780470857458

Publisher: Wiley, 2004

Synopsis

A practical approach to ART-an alternative method by which companies take on various types of risk
This comprehensive book shows readers what ART is, how it can be used to mitigate risk, and how certain instruments/structures associated with ART should be implemented. Through numerous examples and case studies, readers will learn what actually works and what doesn't when using this technique.
Erik Banks (CT) joined XL Capital's weather/energy risk management subsidiary, Element Re, as a Partner and Chief Risk Officer in 2001.

About this title

About the Author

ERIK BANKS has held senior risk management positions at several global financial institutions, including XL Capital, where he was Partner and Chief Risk Officer of the Bermuda reinsurer's derivative subsidiary, and Merrill Lynch, where he spent 13 years managing credit and market risk teams in Tokyo, Hong Kong, London and New York. Mr. Banks has written various books on risk management, emerging markets, derivatives, merchant banking, and electronic finance. 

From the Back Cover

The Alternative Risk Transfer (ART) market has expanded in recent years to become a vital source of risk solutions and risk capacity and an important mechanism for the creation of integrated corporate risk management programs.

The ART market unites the risk management and product development skills of financial institutions, insurers and reinsurers with the capital of global investors to give corporate risk managers the best possible means of managing financial and operating risks. In a time when natural and man-made disasters and financial volatility are constantly present, the need for dependable, equitably priced risk capacity and innovative, holistic risk solutions has never been greater. The ART market, which can supply both, is thus becoming an integral component of the 21st century financial markets.

Alternative Risk Transfer, written by a veteran of the banking and insurance industries, provides a practical, detailed and up-to-date review of the topic. The text is divided into four parts, including

• Risk and the ART market
• Insurance and Reinsurance
• Capital Markets
• Enterprise Risk Management and the Future of ART

The book contains numerous worked examples and case studies to place the subject in a practical light, and is ideal reading for CFOs, corporate risk managers, treasurers, institutional investors and fund managers seeking to understand the ART market.

The ART market unites the risk management and product development skills of financial institutions, insurers and reinsurers with the capital of global investors to give corporate risk managers the best possible means of managing financial and operating risks. In a time when natural and man-made disasters and financial volatility are constantly present, the need for dependable, equitably priced risk capacity and innovative, holistic risk solutions has never been greater. The ART market, which can supply both, is thus becoming an integral component of the 21st century financial markets.

Alternative Risk Transfer, written by a veteran of the banking and insurance industries, provides a practical, detailed and up-to-date review of the topic. The text is divided into four parts, including

• Risk and the ART market 
•  Insurance and Reinsurance
• Capital Markets
• Enterprise Risk Management and the Future of ART

The book contains numerous worked examples and case studies to place the subject in a practical light, and is ideal reading for CFOs, corporate risk managers, treasurers, institutional investors and fund managers seeking to understand the ART market.

Edition details

• Publisher: Wiley
• Publication date: 2004
• Language: English
• ISBN 10: 0470857455
• ISBN 13: 9780470857458
• Binding: Hardcover
• Edition number: 1
• Number of pages: 238