Jump to ContentJump to Main Navigation
The Value of RiskSwiss Re and the History of Reinsurance$
Users without a subscription are not able to see the full content.

Harold James, Peter Borscheid, David Gugerli, and Tobias Straumann

Print publication date: 2013

Print ISBN-13: 9780199689804

Published to Oxford Scholarship Online: April 2014

DOI: 10.1093/acprof:oso/9780199689804.001.0001

Show Summary Details
Page of

PRINTED FROM OXFORD SCHOLARSHIP ONLINE (oxford.universitypressscholarship.com). (c) Copyright Oxford University Press, 2022. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use.date: 18 May 2022

Reinsurance Comes Into its Own 1860–1960

Reinsurance Comes Into its Own 1860–1960

Chapter:
(p.154) Chapter 7 Reinsurance Comes Into its Own 1860–1960
Source:
The Value of Risk
Author(s):

Harold James

Peter Borscheid

David Gugerli

Tobias Straumann

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780199689804.003.0008

The idea of dedicated reinsurance companies was a new concept in the mid nineteenth century. Reinsurers were finding themselves exposed to larger than expected losses as the young industry struggled to create a position for itself in a market where insurers tended to offload mainly bad risks. Reinsurance started coming into its own only towards the end of the nineteenth century. By the time of the 1906 San Francisco earthquake, reinsurance had established itself as a market force but it took a long time before it got organized via associations, meetings or a common publication platform. Reinsurers tended to adapt to the market via their client dealings, i.e. relying on the organizational forms of direct insurance. The post-Second-World-War period, however, brought about an entirely new set of risks. The magnitude and complexity of the new risks combined with negative technical results called for a new business model.

Keywords:   industrialization, market conditions, start up, San Francisco earthquake, business model

Oxford Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs , and if you can't find the answer there, please contact us .