{"product_id":"structured-finance-and-insurance-the-art-of-managing-capital-and-risk-hardback-9780471706311","title":"Structured Finance and Insurance; The ART of Managing Capital and Risk (Hardback) 9780471706311","description":"\u003cfont face=\"Georgia\"\u003e\r\n\u003cp\u003e\u003cfont size=\"6\"\u003eStructured Finance and Insurance\u003c\/font\u003e\u003cbr\u003e\r\n\u003cfont size=\"5\"\u003eThe ART of Managing Capital and Risk\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\r\n\r\n\u003cp\u003e\u003cfont size=\"4\"\u003eChristopher L. Culp (Author)\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e9780471706311, Wiley\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eHardback, published 10 February 2006\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e912 pages\u003cbr\u003e23 x 16.2 x 4.8 cm, 1.293 kg\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\r\n\r\n\r\n\u003cp align=\"justify\"\u003e\u003cstrong\u003e\u003cfont size=\"3\"\u003ePraise for Structured Finance \u0026amp; Insurance\u003cbr\u003e \u003cbr\u003e \"More and more each year, the modern corporation must decide what risks to keep and what risks to shed to remain competitive and to maximize its value for the capital employed. Culp explains the theory and practice of risk transfer through either balance sheet mechanism such as structured finance, derivative transactions, or insurance. Equity is expensive and risk transfer is expensive. As understanding grows, and, as a result, costs continue to fall, ART will continue to replace equity as the means to cushion knowable risks. This book enhances our understanding of ART.\"\u003cbr\u003e --Myron S. Scholes, Frank E. Buck Professor of Finance, Emeritus, Graduate School of Business, Stanford University\u003cbr\u003e \u003cbr\u003e \"A must-read for everyone offering structured finance as a business, and arguably even more valuable to any one expected to pay for such service.\"\u003cbr\u003e --Norbert Johanning, Managing Director, DaimlerChrysler Financial Services\u003cbr\u003e \u003cbr\u003e \"Culp's latest book provides a comprehensive account of the most important financing and risk management innovations in both insurance and capital markets. And it does so by fitting these innovative solutions and products into a single, unified theory of financial markets that integrates the once largely separate disciplines of insurance and risk management with the current theory and practice of corporate finance.\"\u003cbr\u003e --Don Chew, Editor, Journal of Applied Corporate Finance (a Morgan Stanley publication)\u003cbr\u003e \u003cbr\u003e \"This exciting book is a comprehensive read on alternative insurance solutions available to corporations. It focuses on the real benefits, economical and practical, of alternatives such as captives, rent-a-captive, and mutuals. An excellent introduction to the very complex field of alternative risk transfer (ART).\"\u003cbr\u003e --Paul Wohrmann, PhD, Head of the Center of Excellence ART and member of theExecutive Management of Global Corporate in Europe, Zurich Financial Services\u003cbr\u003e \u003cbr\u003e \"Structured Finance and Insurance transcends Silos to reach the Enterprise Mountaintop. Culp superbly details integrated, captive, multiple triggers and capital market products, and provides the architectural blueprints for enterprise risk innovation.\"\u003cbr\u003e --Paul Wagner, Director, Risk Management, AGL Resources Inc.\u003c\/font\u003e\u003c\/strong\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eForeword: Wherefore ART Thou? The Importance of Principle-Based Structured Finance (Tom Skwarek, Swiss Re Capital Solutions).  \u003cp\u003ePreface.\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePART ONE: Integrated Risk and Capital Management.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eChapter 1: Real and Financial Capital.\u003c\/p\u003e \u003cp\u003eChapter 2: Risk and Risk Management.\u003c\/p\u003e \u003cp\u003eChapter 3: Leverage.\u003c\/p\u003e \u003cp\u003eChapter 4: Adverse Selection and Corporate Financing Decisions.\u003c\/p\u003e \u003cp\u003eChapter 5: Capital Budgeting, Project Selection, and Performance Evaluation.\u003c\/p\u003e \u003cp\u003eChapter 6: Risk Transfer.\u003c\/p\u003e \u003cp\u003eChapter 7: Risk Finance.\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePART TWO: Traditional Risk Transfer.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eChapter 8: Insurance.\u003c\/p\u003e \u003cp\u003eChapter 9: Reinsurance.\u003c\/p\u003e \u003cp\u003eChapter 10: Credit Insurance and Financial Guaranties.\u003c\/p\u003e \u003cp\u003eChapter 11: Derivatives.\u003c\/p\u003e \u003cp\u003eChapter 12: Credit Derivatives and Credit-Linked Notes.\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePART THREE: Structured Finance.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eChapter 13: The Structuring Process.\u003c\/p\u003e \u003cp\u003eChapter 14: Hybrids, Convertibles, and Structured Notes.\u003c\/p\u003e \u003cp\u003eChapter 15: Contingent Capital.\u003c\/p\u003e \u003cp\u003eChapter 16: Securitization.\u003c\/p\u003e \u003cp\u003eChapter 17: Cash Collateralized Debt Obligations.\u003c\/p\u003e \u003cp\u003eChapter 18: Synthetic Collateralized Debt Obligations.\u003c\/p\u003e \u003cp\u003eChapter 19: Structured Synthetic Hybrids.\u003c\/p\u003e \u003cp\u003eChapter 20: Securitizing Private Equity and Hedge Funds.\u003c\/p\u003e \u003cp\u003eChapter 21: Project and Principal Finance.\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePART FOUR: Structured Insurance and Alternative Risk Transfer.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eChapter 22: Risk Securitizations and Insurance-Linked Notes.\u003c\/p\u003e \u003cp\u003eChapter 23: Captives, Protected Cells, and Mutuals.\u003c\/p\u003e \u003cp\u003eChapter 24: Finite Risk.\u003c\/p\u003e \u003cp\u003eChapter 25: Multiline and Multitrigger Insurance Structures.\u003c\/p\u003e \u003cp\u003eChapter 26: Contingent Cover.\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePART FIVE: Case and Issue Studies.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eChapter 27: The Emerging Role of Patent Law in Risk Finance (J. B. Heaton, Bartlit Beck Herman Palenchar \u0026amp; Scott).\u003c\/p\u003e \u003cp\u003eChapter 28: Critical Distinctions between Weather Derivatives and Insurance (Andrea S. Kramer, McDermott Will \u0026amp; Emery).\u003c\/p\u003e \u003cp\u003eChapter 29: Is Insurance a Substitute for Capital under the Revised Basel Accord? (Barbara T. Kavanagh).\u003c\/p\u003e \u003cp\u003eChapter 30: Is My SPE a VIE under FIN46R, and, If So, So What? (J. Paul Forrester, Mayer Brown Rowe \u0026amp; Maw, and Benjamin S. Neuhausen, BDO Seidman).\u003c\/p\u003e \u003cp\u003eChapter 31: Credit Derivatives, Insurance, and CDOs: The Aftermath of Enron (Alton B. Harris, Ungaretti \u0026amp; Harris, and Andrea S. Kramer, McDermott Will \u0026amp; Emery).\u003c\/p\u003e \u003cp\u003eChapter 32: Project Finance Collateralized Debt Obligations: What? Why? Now? (J. Paul Forrester, Mayer Brown Rowe \u0026amp; Maw).\u003c\/p\u003e \u003cp\u003eChapter 33: 2004 Review of Trends in Insurance Securitization: Exploring Outside the Cat Box (Morton N. Lane and Roger Beckwith, Lane Financial).\u003c\/p\u003e \u003cp\u003eChapter 34: Enterprise Risk Management: The Case of United Grain Growers (Scott E. Harrington and Greg Niehaus, University of South Carolina, and Kenneth J. Risko, Willis Risk Solutions).\u003c\/p\u003e \u003cp\u003eChapter 35: Representations and Warranties Insurance and Other Insurance Products Designed to Facilitate Corporate Transactions (Theodore A. Boundas and Teri Lee Ferro, Boundas, Skarzynski, Walsh \u0026amp; Black).\u003c\/p\u003e \u003cp\u003e\u003cb\u003eAPPENDIXES.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eAppendix A: Capital Structure Irrelevance.\u003c\/p\u003e \u003cp\u003eAppendix B: Risk-Based Capital Regulations on Financial Institutions.\u003c\/p\u003e \u003cp\u003eAppendix C: Risk Capital.\u003c\/p\u003e \u003cp\u003eCommonly Used Abbreviations.\u003c\/p\u003e \u003cp\u003eNotes.\u003c\/p\u003e \u003cp\u003eReferences.\u003c\/p\u003e \u003cp\u003eIndex.\u003c\/p\u003e\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eSubject Areas: Finance \u0026amp; accounting [\u003ca title=\"See our other books on Finance \u0026amp; accounting\" href=\"https:\/\/freshlyprintedbooks.co.uk\/search?q=%22Finance%20\u0026amp;%20accounting%20%5BKF%5D%22\"\u003eKF\u003c\/a\u003e]\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\u003c\/font\u003e","brand":"Wiley","offers":[{"title":"Brand New","offer_id":52501424374040,"sku":"9780471706311","price":60.99,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0730\/2037\/5320\/files\/9780471706311.jpg?v=1786237541","url":"https:\/\/freshlyprintedbooks.co.uk\/products\/structured-finance-and-insurance-the-art-of-managing-capital-and-risk-hardback-9780471706311","provider":"Freshly Printed Books","version":"1.0","type":"link"}