The Determinants of Private Debt Holdings: Evidence from the Life Insurance Industry

22 Pages Posted: 27 Aug 2007

See all articles by Steven W. Pottier

Steven W. Pottier

University of Georgia - Department of Insurance, Legal Studies, Real Estate

Multiple version iconThere are 2 versions of this paper

Abstract

Life insurers hold the majority of private debt. Lenders in the private debt market must have the ability to evaluate the credit quality of borrowers and to perform ongoing risk monitoring. The purpose of this study is to examine the determinants of private debt holdings in the life insurance industry. The results suggest that larger insurers, insurers with higher financial quality, mutual insurers, publicly traded insurers, insurers facing stringent regulation, and insurers with greater cash holdings are more prevalent lenders in the private debt market.

Suggested Citation

Pottier, Steven W., The Determinants of Private Debt Holdings: Evidence from the Life Insurance Industry. Journal of Risk & Insurance, Vol. 74, No. 3, pp. 591-612, September 2007. Available at SSRN: https://ssrn.com/abstract=1009732 or http://dx.doi.org/10.1111/j.1539-6975.2007.00226.x

Steven W. Pottier (Contact Author)

University of Georgia - Department of Insurance, Legal Studies, Real Estate ( email )

Athens, GA 30602-6254
United States
706-542-3786 (Phone)
706-542-4295 (Fax)

HOME PAGE: http://www.terry.uga.edu/insurance/pottier.html

Register to save articles to
your library

Register

Paper statistics

Downloads
21
Abstract Views
392
PlumX Metrics