When insurers go bust: an economic analysis of the role and design of prudential regulation / Guillaume Plantin, Jean-Charles Rochet.

Four recent cases of financially distressed insurers
The state of the art in prudential regulation
Inversion of the production cycle and capital structure of insurance companies
Absence of a tough claimholder in the financial structure of insurance companies and incomplete contracts
How to organize the regulation of insurance companies
The role of reinsurance
How does insurance regulation fit within other financial regulations?
Conclusion : Prudential regulation as a substitute for corporate governance.