typhoon Nangka

Typhoon Nangka continues on its forecast path towards Japan’s southern coastline, with the now weakening storm still threatening damaging winds, torrential rainfall and a storm surge which could inundate some coastal areas.

Typhoon Nangka is heading for a landfall later this week in Japan (late Thursday), with a recent forecast suggesting that the storm could maintain Category 2 strength at that point, putting insurance and reinsurance contracts at risk, as well as the Aozora Re and Akibare II catastrophe bonds.