2016 Atlantic hurricane season


S&P: 15 cat bonds at risk from hurricane Matthew. We add a few more

According to rating agency Standard & Poor's there are 15 catastrophe bonds it has given ratings to that are most exposed to hurricane Matthews impact on the Florida and U.S. eastern coastline. We also highlight a few which are not S&P rated and that we believe to be among the read the full article →

Matthew could drag down re/insurer returns, but fail to increase rates: Peel Hunt

Hurricane Matthew could drag down returns for insurance and reinsurance firms, as well as ILS investors, but not offer the sector any solace from the soft market by increasing rates and pricing, according to analysts at Peel Hunt. With hurricane Matthew bearing down on Florida and the outlook continuing to worsen, read the full article →

Hurricane Matthew has potential to trigger cat bonds & ILS: RMS

Hurricane Matthew has the potential to trigger outstanding catastrophe bonds and other ILS structures, based on latest forecasts, but significant uncertainty remains and exactly how close the storm gets to making landfall could wildly sway the eventual insurance and reinsurance industry loss. A significant proportion of the insurance-linked securities (ILS) market read the full article →

Hurricane Matthew hits Bahamas, intensifies – Florida outlook worsens

Hurricane Matthew is battering the central Bahamas, with sustained winds of 115mph, higher gusts, torrential rain and a storm surge estimated at anything up to 15 feet. Matthew is then forecast to intensify again and head for Florida, where the outlook is worsening for the state. Update - 10.30am BST, 05:30am read the full article →

Matthew could hike aggregate cat bond attachment probabilities: RMS

Hurricane Matthew has the potential to be a significant loss event for the insurance and reinsurance industry. It could also cause issues to some catastrophe bonds, eroding aggregate retention and increasing their attachment probabilities, according to Ben Brookes of RMS. If hurricane Matthew tracks right up to the Florida coast, perhaps read the full article →

Hurricane Matthew threat awakens live cat market

The so-called "live cat" market has come to life, albeit perhaps tentatively, as hurricane Matthew's approach towards the U.S. has increased the certainty of what looks set to be a relatively major impact (at this time) with a number of ILW's trading and as much as $100m of limit placed, read the full article →

Cat bonds in holding pattern, Florida on watch for hurricane Matthew

At this time the catastrophe bond market has not shown a significant reaction to the slow approach of hurricane Matthew towards the U.S. coastline, despite the fact that the forecast path has been shifting steadily nearer to Florida with each NOAA update and now a hurricane watch has been announced. Update read the full article →

Florida, U.S. east coast now face risk of hurricane Matthew landfall

Hurricane Matthew remains a major storm with 145mph winds as it barrels towards a potentially devastating strike on Haiti and Cuba. The Bahamas are next in its path and the risk of a U.S. landfall has risen, according to the forecast, with Florida and the Carolinas now in the forecast read the full article →

Hurricane Matthew intensifies, targets Haiti, Jamaica, Cuba, Bahamas as major storm

Hurricane Matthew has now intensified into a Category 4 storm, with sustained winds of 130mph (as at Monday morning) and higher gusts, as it continues its westward track through the Caribbean. A northward turn has targeted major hurricane Matthew towards Haiti, Jamaica, Cuba and the Bahamas. Hurricane Matthew has strengthened further read the full article →

Hurricane Hermine insured losses expected below $400m: RMS

According to risk modelling firm RMS the insurance and reinsurance industry is not expected to face any more than $400m in industry losses as a result of hurricane Hermine's recent landfall in Florida and the subsequent wind and coastal flooding caused by the storm. Hurricane Hermine struck Florida at the start read the full article →