hurricane

Catastrophe risk modelling specialist RMS has announced the launch of a new suite of hurricane forecasting products for the North Atlantic powered by RMS HWind.

Specialist insurance-linked securities (ILS) investment manager Plenum said that given hurricane Dorian’s path remained largely offshore of the United States, it does not expect the eventual insurance and reinsurance market loss will trigger any of its catastrophe bond positions.

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.

Retrocessional reinsurance buyers have been out testing the market in recent weeks, looking to see what coverage can be purchased and at what price.

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 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.

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).

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.

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.

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.