CFAN forecasts 8 hurricanes, 2 U.S. landfalls, 1 Florida landfall in 2019

Having proved correct in forecasting that El Niño conditions would weaken and transition to ENSO neutral by peak hurricane season this year, Climate Forecast Applications Network (CFAN) has now raised its forecast for the 2019 Atlantic hurricane season, now expecting 8 hurricanes to form.Right back in April, Climate Forecast Applications read the full article →

Retro buyers test the market, but many deals aren’t getting placed

Retrocessional reinsurance buyers have been out testing the market in recent weeks, looking to see what coverage can be purchased and at what price.But many aren't buying anything aside from their core retro protection, given the pricing seen in the market of late, as a mismatch exists between some buyers read the full article →

Reinsurance well-capitalised despite lack of ILS inflows, retro not so much

The global reinsurance sector remains very well-capitalised as the 2019 Atlantic hurricane season begins and this is despite the fact the insurance-linked securities (ILS) market did not attract significant fresh inflows, according to Moody's.The rating agency said that it believes the rated reinsurers it covers have solid capital positions to read the full article →

CFAN forecasts 7 Atlantic hurricanes for 2019, predicts El Niño to weaken

The 2019 Atlantic hurricane season could see as many as 7 hurricanes according to forecaster Climate Forecast Applications Network (CFAN), who expects that El Niño conditions will weaken and could transition to ENSO neutral by peak hurricane season this year.Other forecasters we've covered so far this season are all on read the full article →

2019 hurricane activity forecast slightly below average for Atlantic: TSR

The 2019 Atlantic Hurricane Season is expected to deliver very slightly below long-term average levels of tropical storm activity, according to industry supported researcher Tropical Storm Risk (TSR).TSR, the insurance and reinsurance industry supported tropical weather researchers from London, had already given an early forecast of long-range activity levels for the read the full article →

Hurricane forecast additions predict average(ish) 2019 Atlantic season

New long-range hurricane forecasts from the Colorado State University and Accuweather forecasting teams both suggest a 2019 Atlantic hurricane season with a roughly average level of storm activity is most likely.It's important to note that these long-range hurricane season forecasts are not to be solely relied upon for the serious read the full article →

2019 hurricane forecast points to slower season if El Niño holds

An early 2019 hurricane season forecast from suggests this year could see a little less Atlantic tropical storm related activity than normal overall, but the recently begun El Niño events strength and persistence is expected to be a major factor here.NOAA announced the arrival of an El Nino event back read the full article →

2019 Atlantic hurricane outlooks suggest average year, but El Niño adds uncertainty

The first long-range outlooks and forecasts for the 2019 Atlantic hurricane season both suggest an average level of storm activity, but note some uncertainty over whether an El Niño event occurs and how strong the El Niño Southern Oscillation (ENSO) trend is.First, Tropical Storm Risk, the insurance and reinsurance industry read the full article →

Markets fear an Irma-like loss creep for hurricane Michael

ILS and some reinsurance markets are beginning to show signs of fearing and in some cases expecting an Irma-like loss creep to occur with more recent hurricane Michael, leading some to even suggest that the industry insured loss could near $12 billion.At the moment the industry loss estimates for hurricane read the full article →

Hurricane Florence may cost N.C. $17bn, but as little as 27% insured

According to the state's Governor Roy Cooper, the economic impact of hurricane Florence on North Carolina could reach as high as $17 billion, which would put the percentage covered by private insurance as low as 27%.Hurricane Florence struck the U.S. eastern seaboard in September and soaked the state of North read the full article →