2020 Atlantic hurricane season

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Hurricane Delta hits major Cat 4 status, threat to Mexico’s cat bond increasing

Hurricane Delta has now intensified into the third major hurricane of the 2020 Atlantic storm season and with further strengthening in the forecast this storm could pose a test for the World Bank issued FONDEN 2020 catastrophe bond sponsored by the Mexican government. Hurricane Delta became the fastest 25th named storm read the full article →

Hurricane Delta to hit Cat 3+, threaten Mexico’s FONDEN 2020 cat bond

Tropical storm Delta has quickly intensified to become Category 2 hurricane Delta as it moves through the Caribbean and the hurricane is now expected to reach major status, of Category 3 or higher, as it moves towards a landfall on the central U.S. Gulf Coast at the end of this read the full article →

Storm Delta forecast to hit hurricane strength on approach to Gulf Coast landfall

The 2020 Atlantic hurricane season is still in its peak and despite a week or more of quieter conditions the tropics have become active again, as tropical storm Delta becomes the 25th named storm of the year and is forecast to become hurricane Delta as it moves across the Gulf read the full article →

Hurricane Sally U.S. insured losses estimated up to $3.5bn by RMS

Catastrophe risk modeller RMS has estimated that total U.S. insurance and reinsurance industry losses from Hurricane Sally will be between $2 billion and $3.5 billion. This estimate, which includes wind, storm surge, and inland flood losses across parts of the Gulf and Florida regions, also includes losses to the National Flood read the full article →

Hurricane Sally losses estimated between $1bn and $3bn by AIR

The insurance and reinsurance industry loss estimates for recent hurricane Sally are coming in thick and fast, with catastrophe risk modeller AIR Worldwide now releasing an official estimate for insured losses of between $1 billion and $3 billion. AIR's estimate is based on industry insured losses to onshore property from damage read the full article →

Hurricane Sally insured onshore property losses said $2bn by KCC

Onshore property losses for the private insurance and reinsurance market from recent hurricane Sally are estimated at just $2 billion by catastrophe risk modeller Karen Clark & Company. The estimate released today includes private insurance market losses caused by wind and storm surge damage to residential, commercial, and industrial properties and read the full article →

Teddy aims storm-force winds at Bermuda, storm Beta a Gulf rain & flood threat

Hurricane Teddy is a large and significant storm but thankfully looks set to pass to the east of Bermuda, although the island could be in for tropical storm-force winds over the next 24 hours. Meanwhile, tropical storm Beta is heading for a Texas. Gulf Coast landfall, with the major threat currently read the full article →

Hurricane Sally expected to drive significant NFIP flood losses: A.M. Best

Hurricane Sally's extreme rainfall and storm surge are expected to drive significant insured losses for the National Flood Insurance Program (NFIP), putting its reinsurance panel and catastrophe bond investors on alert, according to A.M. Best. The rating agency said that the the U.S. Federal Emergency Management Agency's (FEMA) flood insurance program read the full article →

Hurricane Sally losses preliminarily estimated at $1.5bn to $3.9bn by AIR

According to our industry sources, a preliminary estimate of insurance and reinsurance market losses from hurricane Sally has been pegged at between $1.5 billion and $3.9 billion by catastrophe risk modeller AIR Worldwide. This is not an official, publicly announced industry loss estimate from AIR, we understand, with that expected to read the full article →

Hurricane Sally industry loss said in the low billions, ILS impact said slight

Hurricane Sally's late intensification before landfall yesterday is expected to mean that overall private insurance and reinsurance market losses from the storm reach into the low billions, with any impact to ILS positions expected to be minimal. As we explained just prior to hurricane Sally's landfall yesterday, the fact the hurricane read the full article →