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Structured Finance & Insurance: The ART of Managing Capital and Risk By Christopher L. Culp Hoboken, NJ: John Wiley & Sons, 2006
Each year, the worlds of insurance, derivatives, and securities become progressively more integrated. But the trend toward convergence in insurance and capital markets is much more fundamental than just increasing product or institutional similarities, Mr. Gulp points out. The real convergence is between corporate finance and risk management; it is a convergence in ways of thinking. The author notes that insurance...