Swiss Re Insurance-Linked Fund Management

PCS - Emerging Risks, New Opportunities

Third Atlantic storm forms; tropical storm Claudette strikes Florida

Share

Tropical storm Claudette formed yesterday in the Gulf of Mexico just inside the Florida panhandle where sea temperatures have risen recently making the gulf much more susceptible to storm formation. Claudette made landfall a few hours ago near Fort Walton Beach in Florida, carrying winds of 50mph plus and dropping as much as 10 inches of rain on anywhere in her path. Damage should be slight, but Claudette provides a reminder of storm season for insurers.

Meanwhile, Ana has been downgraded to a depression again, she’s heading through the Caribbean islands and may emerge in the Gulf of Mexico where of course there is a possibility she could regain strength.

Tropical storm Bill however is still strengthening further out in the Atlantic, currently carrying sustained winds of 70mph, Bill is forecast to become a hurricane later today. The forecast path for Bill at the moment suggests that the only place at risk of landfall could be Bermuda.

Keep up to date on our Atlantic Tropical Storm Season page.

Artemis Live - ILS and reinsurance video interviews and podcastView all of our Artemis Live video interviews and subscribe to our podcast.

All of our Artemis Live insurance-linked securities (ILS), catastrophe bonds and reinsurance video content and video interviews can be accessed online.

Our Artemis Live podcast can be subscribed to using the typical podcast services providers, including Apple, Google, Spotify and more.

Print Friendly, PDF & Email

Artemis Newsletters and Email Alerts

Receive a regular weekly email newsletter update containing all the top news stories, deals and event information

  • This field is for validation purposes and should be left unchanged.

Receive alert notifications by email for every article from Artemis as it gets published.