Atlantic Hurricane Season


Hurricane forecasts raised again, above-normal landfall probability remains

Hurricane forecasts for the 2020 Atlantic tropical storm season have been elevated again to reflect the rapid start to the year in terms of storms already formed, while in addition there remains an above-normal landfall probability for the months ahead, forecasters note. Both Colorado State University and Tropical Storm Risk have read the full article →

Fidelis’ new Herbie Re cat bond hits $125m at top-end pricing

The new Herbie Re Ltd. (Series 2020-1) catastrophe bond transaction that is sponsored by specialty insurance and reinsurance firm Fidelis Insurance Holdings Limited has successfully been upsized by the target 25% to reach $125 million of coverage for the company. At the same time, we're told that the pricing has now read the full article →

Hurricane landfall risks less elevated than activity in 2020: Twelve Capital

During the 2020 Atlantic tropical storm and hurricane season two regions to watch for above average levels of storm activity are the tropical Atlantic's main development region (MDR) and the Gulf region, according to ILS investment manager Twelve Capital. But while these two regions are the ones expected to see activity read the full article →

KCC says Cristobal a $150m industry loss, storm force winds persist

Tropical storm Cristobal is estimated to have caused an insurance and perhaps to a degree reinsurance market loss of around $150 million by catastrophe risk modeller Karen Clark & Company (KCC). However, tropical storm Cristobal has now become extratropical as it moved up the United States and some impacts are continuing read the full article →

Artemis Live: Interview with RMS’ Jin Shah & Jeff Waters

This week our new video interview features RMS' Jin Shah and Jeff Waters, who joined us to discuss the 2020 Atlantic hurricane season and how technology and analytics can help insurance, reinsurance and ILS market participants be better prepared and respond as storms threaten. All of our Artemis Live video interviews read the full article →

Tropical storm Cristobal to intensify, Gulf coast on watch for rain & surge

Tropical storm Cristobal is expected to emerge back over the Gulf of Mexico later today and head generally northwards towards the United States, with strengthening forecast and still a chance that the storm could be named hurricane Cristobal prior to landfall. In general the warm waters of the Gulf of Mexico read the full article →

Hurricane season forecast “very” active, with high landfall probability

The latest forecast updates for the 2020 Atlantic tropical storm and hurricane season continue to point to elevated chances of a particularly active year, with Colorado State University saying we should expect it to be "very" active, with above average landfall probabilities as well. The latest forecasts from two of the read the full article →

Tropical storm Cristobal a possible landfall threat to Gulf coast

Tropical storm Cristobal has formed in the Bay of Campeche as the third named storm of the 2020 Atlantic hurricane season. Cristobal is forecast to head into the Gulf of Mexico, with a course towards the United States Gulf Coast and a landfall as a strengthening tropical storm, or perhaps read the full article →

Coronavirus compounds hurricane season challenges in 2020: Fitch

The continuation of the Covid-19 coronavirus pandemic into the 2020 Atlantic hurricane season is set to compound challenges for insurance, reinsurance and ILS capacity providers this year, according to Fitch Ratings. The coronavirus outbreak and resulting lockdown, then slow shift back towards a new normal, is set to exacerbate the challenges read the full article →

Tropical storm Bertha forms as second pre-season storm of 2020

Tropical storm Bertha has formed off the coast of South Carolina to become the second named storm of the 2020 Atlantic hurricane season and relatively unusually the second to form before the official start of the season on June 1st. Tropical storm Bertha does not pose a major threat to the read the full article →