Banks (a former risk management professional for Merrill Lynch and other financial institutions) defines the alternative risk transfer (ART) market as "the combined risk management marketplace for innovative insurance and capital market solutions." He introduces the function, participants, and products of the ART market; discusses its advantages and disadvantages, and considers future trends. Eleven chapters discuss risk management drivers, primary insurance/reinsurance contracts, captives, multi-risk products, capital markets and securitization, contingent capital structures, insurance derivatives, and enterprise risk management.