hurricane Joaquin 2015

The uncertainty surrounding hurricane Joaquin and whether it would make a U.S. east coast landfall stimulated some offers, discussions and interest in ‘live cat’ protection buying last week, according to market sources.

Hurricane Joaquin became a Category 4 storm late yesterday and continues to batter the Bahamas with sustained winds of up to 130mph, a storm surge and extreme rainfall. The forecast track has continued to shift further east, but the threat of a major rainfall and flooding event in U.S. eastern states remains.

Category 3 hurricane Joaquin has intensified a little further, with sustained winds now 125mph at 11am EDT, 3pm UTC. Joaquin is a severe threat to the Bahamas, currently passing over some of the islands and poses a landfall threat to the U.S. either later this weekend or early next week, but with the forecast track […]