HOME / PUBLICATIONS /

Catastrophe Risk

1993
Froot, Kenneth A., David S. Scharfstein, and Jeremy Stein. “Risk Management: Coordinating Corporate Investment and Financing Policies.” Journal of Finance 48, no. 5 (1993): 1629–1658. Risk Management: Coordinating Corporate Investment and Financing Policies
  • Revised from NBER Working Paper No. 4084, February 1993.
  • Reprinted in RAE-Revista de Administração de Empresas, Management Journal of Fundação Getulio Vargas (FGV-EAESP), Business School for Administration in Sao Paulo, Brazil, volume no. 48, issue no. 1 (January-March 2008): 87-118.
  • Reprinted in Insurance and Risk Management, Volume II, Corporate Risk Management, Part I: Theory on Why and How Firms Manage Risk, Chapter 3, edited by Gregory R. Niehaus, U.K.: Edward Elgar Publishing (October 2008). Also in M.J. Brennan, The Theory of Corporate Finance from The International Library of Critical Writings in Financial Economics, edited by R. Roll, 1995; and in Merton Miller and Chris Culp, eds. Corporate Hedging in Theory and Practice: Lessons from Metallgesellschaft, Risk Books, 1999.
1994
Froot, K., David S. Scharfstein, and J. Stein. “A Framework for Risk Management.” Harvard Business Review 72, no. 6 (1994): 91-102. A Framework for Risk Management

Revised from "Developing a Risk Management Strategy," Harvard Business School Working Paper No. 95-021. Reprinted in Bank of America Journal of Applied Corporate Finance 7, no. 3 (fall 1994): 22-32; Marsh & McLennan Companies' Viewpoint 24 (spring 1995): 21-37; and in Corporate Risk: Strategies and Management, edited by Greg Brown and Don Chew, London: Risk Books, December 1999.

1995
Froot, K.A., B. Murphy, A. Stern, and S. Usher. “The Emerging Asset Class: Insurance Risk.” Viewpoint 24, no. 3 (1995): 19–28. The Emerging Asset Class: Insurance Risk

Originally "Special Report from Guy Carpenter and Company, Inc.," July 1995.

1999
Froot, K.A. “The Evolving Market for Catastrophe Event Risk.” Risk Management and Insurance Review 2, no. 3 (1999): 1–28. The Evolving Market for Catastrophe Event Risk

Reprinted in Risk Management: The State of the Art, edited by S. Figlewski and R. Levich, Kluwer Academic Publishers, 2001.

Froot, K.A. “The Limited Financing of Catastrophe Risk: An Overview.” In The Financing of Catastrophe Risk, 1-22. Chicago: University of Chicago Press, 1999. The Limited Financing of Catastrophe Risk: An Overview

Revised from NBER Working Paper No. 6025, May 1997, and HBS Working Paper No. 98-023, September 1997.

Froot, K.A., and P. O'Connell. “The Pricing of US Catastrophe Reinsurance.” In The Financing of Catastrophe Risk, 195–232. Chicago: University of Chicago Press, 1999. The Pricing of US Catastrophe Reinsurance

Revised from NBER Working Paper No. 6043, May 1997, and HBS Working Paper No. 98-018, September 1997.

2001
Froot, K.A. “The Market for Catastrophe Risk: A Clinical Examination.” Journal of Financial Economics 60, no. 2-3 (2001): 529–571. The Market for Catastrophe Risk: A Clinical Examination

Revised from NBER Working Paper No. 8110, February 2001. Reprinted in The Economics of Natural Hazards, part of the International Library of Critical Writings in Economics series edited by Mark Blaug, U.K.: Edward Elgar Publishing, 2003.

Froot, Kenneth A. “Bank Capital and Risk Management: Issues for Banks and Regulators.” In 7th Risk Management Round Table. Vol. 8. Geneva, Switzerland: International Financial Risk Institute, 2001. Publisher's Version Bank Capital and Risk Management: Issues for Banks and Regulators

IFCI Geneva Research Paper No. 8

2002
Froot, K.A., and S. Posner. “The Pricing of Event Risks with Parameter Uncertainty.” Geneva Papers on Risk and Insurance Theory 27, no. 2 (2002): 153-165. The Pricing of Event Risks with Parameter Uncertainty

Revised from NBER Working Paper no. 8106, February 2001.

2007
Froot, K.A. “Risk Management, Capital Budgeting and Capital Structure Policy for Insurers and Reinsurers.” Journal of Risk and Insurance 74, no. 2 (2007): 273–299. Risk Management, Capital Budgeting and Capital Structure Policy for Insurers and Reinsurers
  • Winner of Robert C. Witt Award Given annually for the best feature article in the Journal of Risk and Insurance presented by American Risk and Insurance Association.
  • Revised from NBER Working Paper no. 10184, Harvard Business School Working Paper no. 04-035, December 2003.
2008
Froot, Kenneth A. “The Intermediation of Financial Risks: Evolution in the Catastrophe Reinsurance Market.” Risk Management and Insurance Review 11, no. 2 (2008): 281-294. Publisher's Version The Intermediation of Financial Risks: Evolution in the Catastrophe Reinsurance Market
Froot, K.A., and P. O'Connell. “On the Pricing of Intermediated Risks: Theory and Application to Catastrophe Reinsurance.” Journal of Banking and Finance 32, no. 1 (2008): 69–85. 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
  • Revised from NBER Working Paper No. 6011, April 1997, Harvard Business School Working Paper No. 98-024, 1997.