Why do life insurers hold sin bonds? Evidence from investment delegation
E Brisker, J Wang, S Wang - Finance Research Letters, 2024 - Elsevier
In recent years, life insurers have increased their exposure to socially controversial (sin)
bonds from the alcohol, tobacco, and gaming sectors, which contradicts the social norm …
bonds from the alcohol, tobacco, and gaming sectors, which contradicts the social norm …
Demystifying the Sin Bond Puzzle: The Case of Investment Delegation in the Insurance Industry
ER Brisker, J Wang, S Wang - Available at SSRN 4518077, 2023 - papers.ssrn.com
In recent years, life insurers have increased their exposure to socially controversial bonds
from alcohol, tobacco, and gaming sectors, which contradicts social-norm constraints of such …
from alcohol, tobacco, and gaming sectors, which contradicts social-norm constraints of such …
Private Equity Owners' Involvement in the Life Insurance Industry
K Kim - The Palgrave Encyclopedia of Private Equity, 2023 - Springer
During 2021–2022, large private equity firms such as Blackstone, Carlyle, and KKR each
bought at least one major US life insurance or annuity provider. Private equity firms …
bought at least one major US life insurance or annuity provider. Private equity firms …
CEO overconfidence and shadow-banking life insurer performance under government purchases of distressed assets
S Chen, JH Lin, W Yao, FW Huang - Risks, 2019 - mdpi.com
In this paper, we develop a contingent claim model to evaluate the equity, default risk, and
efficiency gain/loss from managerial overconfidence of a shadow-banking life insurer under …
efficiency gain/loss from managerial overconfidence of a shadow-banking life insurer under …