Premium Domain Names for Sale at CrocoDom.com
BI’s Article search uses Boolean search capabilities. If you are not familiar with these principles, here are some quick tips.
To search specifically for more than one word, put the search term in quotation marks. For example, “workers compensation”. This will limit your search to that combination of words.
To search for a combination of terms, use quotations and the & symbol. For example, “hurricane” & “loss”.
Demand for alternative capacity, sharply higher reinsurance rates and robust returns for capital providers helped drive first-half 2023 new issuance of catastrophe bonds to record levels.
A report last week from Swiss Re Ltd. showed $9.85 billion of new catastrophe bond issuance across 64 tranches of notes in the first six months of the year, which is a record for both the dollar amount and transactions. The previous high dollar volume was just over $8 billion in first-half volume in 2021.
The 2023 first-half total value alone would be the fourth-highest yearly total on record, and market sources expect the trajectory to continue.
“In the second quarter we saw a tremendous amount of activity driven by a combination of capital coming into the marketplace from ILS fund managers and interest from cedents looking to diversify their risk transfer programs,” in part due to the challenges they faced at Jan. 1, 2023, renewals, said Paul Schultz, Chicago-based CEO of Aon Securities, a unit of Aon PLC.
“The reinsurance market needed fresh capacity in reaction to inflation as well as the natural catastrophe activity the last few years. The capacity need caused increased rates, which succeeded in attracting fresh capital,” said Bill Dubinsky, New York-based managing director for Gallagher Re and CEO of Gallagher Securities Inc.
The capacity providers are generally institutional money managers invested across asset classes, said Zach Breslin, New York-based capital markets leader for Lockton Re Capital Markets, a unit of Lockton Cos. LLC. “With the ILS market, they get diversification from their equity and debt positions,” because insurance-linked securities are considered a “non-correlated” asset class to others such as debt and equity, he said.
The catastrophe bond market is also attractive for investors because in addition to the risk premium, they earn interest on the bond’s collateral funds. “The return investors are getting is elevated by earning a good return on the collateral, in excess of 4% today, compared with closer to zero three years ago,” Mr. Schultz said.
Catastrophe bonds have attracted the majority of recent inflows into the ILS market, compared with other forms of alternative capital coverage such as sidecars and collateralized reinsurance, which do not have secondary markets where they may be traded, Mr. Breslin said.
“Where the cat bond market really demonstrated its value was in the transparency of the product and the liquidity,” he said. Money managers have been “stung” previously by the performance of illiquid reinsurance assets, he added.
“Since cat bond funds have performed better than other ILS strategies in recent years, a large proportion of capital attracted into ILS has been directed to cat bond strategies,” Mr. Dubinsky said.
The catastrophe bond market is comprised mainly of protection for the peak perils of named windstorm and earthquake exposures in North America, Mr. Schultz said. However, there is a need for capacity for so-called secondary perils, such as severe convective storms and wildfires, “and those needs will continue to grow,” he said.
Cyber coverage is another possible avenue of expansion for catastrophe bonds, Mr. Schultz said.
“Insurance risks beyond natural catastrophe, including cyber and casualty, are seeing cat bond activity, and we expect this trend to continue into 2024,” Mr. Dubinsky said. The first cyber catastrophe bonds were launched in January by Beazley PLC and German reinsurer Hannover Re SE, and sources suggest there will be more such bonds.
The catastrophe bond market is expected to maintain its record pace for the second half of this year, hinging to a degree on the level of storm activity in the remainder of the hurricane season.
The catastrophe bond market can be “very sensitive to how the North Atlantic hurricane season plays out,” Mr. Schultz said.
“The signals we’re seeing is that the pipeline will continue to remain robust, and we don’t foresee any headwinds on the horizon,” Mr. Breslin said, noting that “the wind season still needs to play out.”
“The asset class is still very attractive from a risk spread and expected loss standpoint for investors,” said Jeff Mohrenweiser, Chicago-based senior director of global securities for Fitch Ratings Inc.
The controversy surrounding trouble reinsurance intermediary Vesttoo Ltd., which matches capacity to non-catastrophe insurance-linked securities, will likely have little effect on the wider ILS market, he said.
“The third quarter is usually a slow period for cat bonds as it is difficult to place issues during the height of the hurricane season, so evidence of any market fallout will be muted,” Mr. Mohrenweiser said. He added that cat bonds usually house “hard assets” rather than letters of credit, which are at the center of Vesttoo’s problems.
1. Gallagher to pay $510 million for Eastern Insurance
2. Paramount reportedly receives about $71M from Chubb unit in COVID case
3. Holmes Murphy hires president of programs from Ryan Specialty
4. Gallagher acquires California broker with trucking industry focus
5. Video: The BI Interview with Amy Gross of Liberty Mutual
6. Ransomware attacks on the upswing
COPYRIGHT © 2023 BUSINESS INSURANCE HOLDINGS
Premium Domain Names:
A premium domain name is a highly sought-after domain that is typically short, memorable, and contains popular keywords or phrases. These domain names are considered valuable due to their potential to attract more organic traffic and enhance branding efforts. Premium domain names are concise and usually consist of one to two words or two to four individual characters.
Top-Level Domain Names for Sale on Crocodom.com:
If you are looking for top-level domain names for sale, you can visit Crocodom.com. Crocodom.com is a platform that offers a selection of domain names at various price ranges. It is important to note that the availability of specific domain names may vary, and it’s recommended to check the website for the most up-to-date information.
Contact at firstname.lastname@example.org:
If you have any inquiries or need assistance regarding the domain names available on Crocodom.com, you can reach out to them via email at email@example.com. Feel free to contact them for any questions related to the domain names or the purchasing process.
Availability on Sedo.com, Dan.com, and Afternic.com:
Apart from Crocodom.com, you can also explore other platforms like Sedo.com, Dan.com, and Afternic.com for available domain names. These platforms are popular marketplaces for buying and selling domain names. Each platform may have its own inventory of domain names, so it’s worth checking multiple sources to find the perfect domain name for your needs.
#PremiumDomains #DomainInvesting #DigitalAssets #DomainMarketplace #DomainFlipping #BrandableDomains #DomainBrokers #DomainAcquisition #DomainPortfolio #DomainIndustry #DomainAuctions #DomainInvestors #DomainSales #DomainExperts #DomainValue #DomainBuyers #DomainNamesForSale #DomainBrand #DomainInvestment #DomainTrading