Atlantic Hurricane Season

A recently published study suggests that western Europe will be hit by an increasing number of hurricane like and hybrid storms, not unlike hurricane Sandy, as the global climate warms. The study titled ‘More hurricanes to hit Western Europe due to global warming‘ suggests that by the end of this century western Europe could see […]

The 2013 Atlantic tropical storm and hurricane season begins on the 1st of June and runs until the end of November. As ever, around this time of the year the forthcoming hurricane season features more heavily in insurance and reinsurance firms and catastrophe bond & ILS investors thoughts as the season approaches and the first […]

The 2012 Atlantic tropical storm and hurricane season looked like it was going to be relatively benign as far as the insurance, reinsurance and catastrophe bond sectors were concerned until Sandy came along and turned the season on its head. Up until that point at the end of October it was easy to think that […]

Hurricane Sandy dominated our coverage last week and kept us extremely busy. The market now awaits the verdict on whether there are meaningful impacts to catastrophe bonds and reinsurers. As always, you can read every market news story and article on the Artemis news blog, subscribe to our weekly email newsletter update and for your […]

We have another estimate of the insured losses caused by hurricane Sandy from risk modeller AIR Worldwide and it’s higher than previous estimates which were largely pre-landfall. After analysing the impact of Sandy and with the additional insight gleaned from damage reports received so far, AIR Worldwide estimates that insured losses from Sandy to onshore […]

Hurricane Sandy is now an extra-tropical storm, currently positioned in south east Pennsylvania and forecast to slowly move through that state towards the Great Lakes. Sandy still has winds of up to 65mph with some higher gusts, is still a large and damaging storm and still threatens extreme rains and also snow further north. New […]

Risk modelling firm EQECAT kindly gave us some thoughts on hurricane Sandy and how they see the potential for impact to catastrophe bonds. Tom Larsen, SVP and Product Architect, sent us some exclusive insight on Sandy which we include below. EQECAT have given an early estimate of $10 billion to $20 billion in economic losses […]

We’ve been busily canvassing opinions and thoughts on hurricane Sandy’s potential impact from our contacts and friends in the marketplace today. Sandy is still threatening to be the worst northeast hurricane in memory, larger in size, with stronger winds and threatening a larger storm surge than last years hurricane Irene. Reinsurers and the catastrophe bond […]

Hurricane Sandy continues to bear down on the U.S. eastern seaboard with forecasters still predicting a convergence of three weather systems that could turn Sandy into a ‘perfect storm’ (or Frankenstorm if you prefer). Sandy is forecast to converge with a low pressure system moving in from the west and cold Arctic air coming from […]

Our latest update on hurricane Sandy can be found here. Insurers, reinsurers and catastrophe bond investors will no doubt be going home this weekend with the little matter of hurricane Sandy on their minds. The hurricane which has now passed through the Caribbean and Bahamas, leaving 21 people dead and some fairly significant damage in […]