Atlantic Hurricane Season

Our latest update on hurricane Sandy can be found here. Those who have followed our earlier articles on hurricane Sandy will know that the National Hurricane Center forecast maps have shown the storm staying offshore of the U.S. east coast as it heads north. Meanwhile, some of the forecast models have shown an east coast […]

Our latest update on hurricane Sandy can be found here. As forecast, Hurricane Sandy made landfall on Jamaica as a category 1 hurricane with maximum sustained winds of 80mph. Fueled by warm waters around Jamaica Sandy intensified before landfall, lashing the islands shanty towns. After Jamaica, Cuba is the next destination to feel the full […]

Our latest update on hurricane Sandy can be found here. Tropical storm Sandy is the 18th named storm of the 2012 Atlantic tropical storm and hurricane season, a season which has now surpassed any of the forecasts for the number of storms which would form in the year. Despite this activity in storm formation, damages […]

Category one hurricane Rafael, the 17th Atlantic tropical storm of the season and packing maximum sustained winds of 85mph, is accelerating northwards towards Bermuda. Rafael is expected to pass just to the east of the island, later this afternoon and while the hurricane keeps that course impact should be minimal. Readers on Bermuda can expect […]

Accumulated cyclone energy (ACE) is just one of the measures used to identify how active or severe a tropical cyclone or hurricane season has been. It’s a measure used by the National Oceanic and Atmospheric Administration (NOAA) to express the activity of individual tropical storms and entire seasons, using an approximation of the energy used […]

Risk Management Solutions (RMS) have issued a new insured loss estimate for the damage caused by hurricane Isaac when it struck Louisiana and the Gulf Coast two weeks ago and also provided an update on the 2012 Atlantic hurricane season so far. RMS now estimates that insured losses from wind and storm surge impacts on […]

It transpires that the losses caused by hurricane Isaac have had an impact on an outstanding catastrophe bond. According to rating agency Moody’s, losses from Isaac have qualified under the terms of the Combine Re Ltd. (Series 2012-1) cat bond transaction. While these losses are insufficient to cause direct principal losses, they will further erode the […]

It appears that Credit Suisse were being extremely cautious when they issued a notice regarding the potential impact of hurricane Isaac on their CS Iris Low Volatility Plus insurance-linked security fund and as a result on the Dexion Capital managed DCG Iris ILS fund, which acts as a feeder for and invests its assets in […]

Tropical storm Leslie, the 12th named storm of the Atlantic season, has been brewing in the mid-Atlantic for the last few days, building in strength, but the storms eventual path and intensity has been uncertain. The forecast models remain diverged on the eventual track Leslie will take, but they are beginning to come together and […]

Last week was dominated by hurricane Isaac which struck the Louisiana coastline causing insured losses of up to $2 billion, at the latest estimate. August has been our busiest month ever on Artemis, with close to 13,000 active readers over the course of the month and nearly 60% growth since August 2011. We’d like to […]