Internationalization in the Reinsurance Industry: An Analysis of the Net Financial Position of U.S. Reinsurers

34 Pages Posted: 22 Nov 2012

See all articles by Cassandra R. Cole

Cassandra R. Cole

Florida State University - College of Business

William L. Ferguson

University of Louisiana at Lafayette - Department of Economics and Finance

Ryan B. Lee

Royal Roads University

Kathleen A. McCullough

Florida State University - College of Business

Date Written: December 2012

Abstract

In today's global marketplace, the extent of internationalization has become increasingly relevant. We use the framework of the eclectic paradigm to empirically investigate internationalization by U.S. reinsurers using the net financial position in foreign markets to proxy for the level of internationalization. Our sample includes both developed and developing nations to provide a more complete analysis of internationalization of U.S. reinsurers. We find that the factors related to reinsurers’ net financial positions vary based on the characteristics of the countries, the reinsurers, and the industry.

Suggested Citation

Cole, Cassandra R. and Ferguson, William L. and Lee, Ryan B. and McCullough, Kathleen A., Internationalization in the Reinsurance Industry: An Analysis of the Net Financial Position of U.S. Reinsurers (December 2012). Journal of Risk and Insurance, Vol. 79, Issue 4, pp. 897-930, 2012, Available at SSRN: https://ssrn.com/abstract=2179382 or http://dx.doi.org/10.1111/j.1539-6975.2012.01461.x

Cassandra R. Cole (Contact Author)

Florida State University - College of Business ( email )

423 Rovetta Business Building
Tallahassee, FL 32306-1110
United States

William L. Ferguson

University of Louisiana at Lafayette - Department of Economics and Finance ( email )

323 Moody Hall, P.O. Box 44570
Lafayette, LA 70504
United States
337-482-6664 (Phone)
337-482-6675 (Fax)

HOME PAGE: http://apfd.louisiana.edu/endowed/Ferguson-William.shtml

Ryan B. Lee

Royal Roads University ( email )

2005 Sooke Road
Victoria, British Columbia V9B 5Y2
Canada

Kathleen A. McCullough

Florida State University - College of Business ( email )

Department of Risk Management and Insurance
150 Rovetta Business Building
Tallahassee, FL 32306-1110
United States
850-644-8358 (Phone)
850-644-4077 (Fax)

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