I joined the Baylor University faculty during the Summer of 2000 as a Professor of Finance and Insurance and was appointed to the Frank S. Groner Memorial Chair of Finance during the Fall 2002 semester. During the Spring 2006 semester, I held an Adjunct Professor appointment at the University of Pennsylvania’s Wharton School and subsequently held a Visiting Scholar appointment at Wharton from 2007-2013.

Prior to my faculty appointment at Baylor, I held faculty appointments in the business schools at Pennsylvania State University (1984-1989), the University of Texas at Austin (1989-1996), and Louisiana State University (1998-2000). In total, I have published more than 30 papers in the most respected journals and books in my field and have been cited by my academic peers more than 1,800 times (source: I am the recipient of several prestigious research awards, including the American Risk and Insurance Association’s Robert I. Mehr Award (2003), Baylor University’s University Research Award (2008), and the Casualty Actuarial Society Research Award (2023).

My research focuses on the design of contracts, firms, and markets to allocate, manage, and price risk effectively. It is prescriptive as well as descriptive, involving the application of theory and empirical methods. In contrast to traditional methods that examine individual risks without considering how such risks interact, my research is based on an integrated perspective of risk management. This approach has gained significant traction because of the increasing convergence of insurance and financial markets, as well as the growing frequency and severity of natural and man-made catastrophes.

For more detailed information about my research program, please consult my CV, available at


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