Structured Finance and Insurance: The ART of Managing Capital and Risk

Preface.

PART ONE: Integrated Risk and Capital Management.

Chapter 1: Real and Financial Capital.

Chapter 2: Risk and Risk Management.

Chapter 3: Leverage.

Chapter 4: Adverse Selection and Corporate Financing Decisions.

Chapter 5: Capital Budgeting, Project Selection, and Performance Evaluation.

Chapter 6: Risk Transfer.

Chapter 7: Risk Finance.

PART TWO: Traditional Risk Transfer.

Chapter 8: Insurance.

Chapter 9: Reinsurance.

Chapter 10: Credit Insurance and Financial Guaranties.

Chapter 11: Derivatives.

Chapter 12: Credit Derivatives and Credit-Linked Notes.

PART THREE: Structured Finance.

Chapter 13: The Structuring Process.

Chapter 14: Hybrids, Convertibles, and Structured Notes.

Chapter 15: Contingent Capital.

Chapter 16: Securitization.

Chapter 17: Cash Collateralized Debt Obligations.

Chapter 18: Synthetic Collateralized Debt Obligations.

Chapter 19: Structured Synthetic Hybrids.

Chapter 20: Securitizing Private Equity and Hedge Funds.

Chapter 21: Project and Principal Finance.

PART FOUR: Structured Insurance and Alternative Risk Transfer.

Chapter 22: Risk Securitizations and Insurance-Linked Notes.

Chapter 23: Captives, Protected Cells, and Mutuals.

Chapter 24: Finite Risk.

Chapter 25: Multiline and Multitrigger Insurance Structures.

Chapter 26: Contingent Cover.

PART FIVE: Case and Issue Studies.

Chapter 27: The Emerging Role of Patent Law in Risk Finance (J. B. Heaton, Bartlit Beck Herman Palenchar & Scott).

Chapter 28: Critical Distinctions between Weather Derivatives and Insurance (Andrea S. Kramer, McDermott Will & Emery).

Chapter 29: Is Insurance a Substitute for Capital under the Revised Basel Accord? (Barbara T. Kavanagh).

Chapter 30: Is My SPE a VIE under FIN46R, and, If So, So What? (J. Paul Forrester, Mayer Brown Rowe & Maw, and Benjamin S. Neuhausen, BDO Seidman).

Chapter 31: Credit Derivatives, Insurance, and CDOs: The Aftermath of Enron (Alton B. Harris, Ungaretti & Harris, and Andrea S. Kramer, McDermott Will & Emery).

Chapter 32: Project Finance Collateralized Debt Obligations: What? Why? Now? (J. Paul Forrester, Mayer Brown Rowe & Maw).

Chapter 33: 2004 Review of Trends in Insurance Securitization: Exploring Outside the Cat Box (Morton N. Lane and Roger Beckwith, Lane Financial).

Chapter 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).

Chapter 35: Representations and Warranties Insurance and Other Insurance Products Designed to Facilitate Corporate Transactions (Theodore A. Boundas and Teri Lee Ferro, Boundas, Skarzynski, Walsh & Black).

APPENDIXES.

Appendix A: Capital Structure Irrelevance.

Appendix B: Risk-Based Capital Regulations on Financial Institutions.

Appendix C: Risk Capital.

Commonly Used Abbreviations.

Notes.

References.

Index.