Atlantic Hurricane Season

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 […]

Risk modeller AIR Worldwide has issued an updated estimate for the amount of insured losses they expect from hurricane Isaac. In line with most other estimates, AIR Worldwide say they believe that insured losses from Hurricane Isaac to onshore properties in the U.S. will be between $700 million and $2 billion. The estimate includes wind […]

Yesterday we wrote about the impending payouts from microfinance organisation Fonkoze in Haiti who had told policyholders that they were ready to give all clients in areas hit by intense rain and wind from tropical storm Isaac a $125 payout, forgive their existing loan balance, and give them a new loan when they require it. […]

Investment manager Credit Suisse have said that they expect an impact to one of their insurance-linked security and catastrophe bond funds from the industry losses caused by hurricane Isaac. An event update on Isaac was published today by another investment firm, Dexion Capital, who manage the recently launched DCG Iris ILS fund, which acts as […]

While attention is focused on the damage caused by hurricane Isaac when it ploughed into the Louisiana coastline it is easy to forget that before Isaac reached the U.S. the storm caused extensive damage in the Caribbean. The worst affected island appears to have been Haiti, which Isaac struck while a strong tropical storm bringing […]

Isaac has now been downgraded to a tropical storm once again, with maximum sustained winds of 50mph the storm is continuing to slowly move inland bringing heavy rainfall to many areas. The threat of storm surge is now diminishing and Isaac’s winds are dropping to levels where any damage is unlikely. Isaac has caused extensive […]

Another insurance-linked investments manager has issued a statement regarding hurricane Isaac and any potential impacts from the storm on their portfolio of catastrophe bonds and other insurance-linked assets. ILS investment manager LGT Insurance-Linked Strategies are confident at this time that there will be no material impact to any of the cat bonds or financial insurance […]

Swiss insurance-linked securities investment manager Plenum Investments has published an update on their fund and any exposure it has to hurricane Isaac which is currently impacting Louisiana and the Gulf coastal region. Hurricane Isaac continues to batter the Louisiana coastal counties and high winds and heavy rain are affecting cities such as New Orleans. Flooding […]

Hurricane Isaac has begun to come ashore in southeast Louisiana, read our latest article on the storms impacts and progress here. We’ve discussed the potential weather impacts extensively in that article but here we’re going to look at the potential reinsurance, insurance and also catastrophe bond impacts that could result from the first hurricane to […]