Life insurance and alcohol share a long and complex history; in Britain in the early nineteenth century friendly societies met in, and were strongly associated with public houses, for instance. This may not seem all that remarkable given the significant role that spaces of sociality have played in the history of finance – take for example the origins of Lloyds global marine insurance market in ...

In this paper, we investigate the optimization of mutual proportional reinsurance—a mutual reserve system that is intended for the collective reinsurance needs of homogeneous mutual members, such as P&I Clubs in marine mutual insurance and reserve banks in the US Federal Reserve, where a mutual member is both an insurer and an insured. Compared to general (non-mutual) insurance models, which in...

Many fishery management tools currently in use have conservation value. They are designed to maintain stocks of commercially important species above target levels. However, their limitations are evident from continuing declines in fish stocks throughout the world. We make the case that to reverse fishery declines, safeguard marine life and sustain ecosystem processes, extensive marine reserves ...