Catastrophe Risks
KBRA: Atlantic Hurricane Season Predictions Revised
Kroll Bond Rating Agency (KBRA) released a research report as two of the leading hurricane forecasters reduced their outlooks for the 2018 Atlantic hurricane season. The revised forecast from Colorado State University called for below average activity. AccuWeather also reduced its forecast, remaining more in line with historical averages. Read More
JLTCM Completes 2 Noteworthy Catastrophe Bond Transactions
Jardine Lloyd Thompson Capital Markets, Inc., (JLTCM) recently completed two private placement catastrophe bonds: Oak Leaf Re 2018-1, which closed at $45.26 million, and Market Re 2018-1, which closed at $84 million. Read More
SCOR Issues First CAT Bond under New UK Regime
SCOR is the first reinsurer to use the United Kingdom's new insurance-linked securities regime to issue a new catastrophe bond (CAT bond), Atlas Capital UK 2018 PLC, with a multiyear risk transfer capacity of $300 million. Read More
Hurricane Modeling Shows Considerably Wetter Future
Scientists from the National Center for Atmospheric Research have published a detailed analysis of how 22 recent hurricanes would change if they instead formed near the end of this century in a future, warmer climate. One consistent feature across storms was that they all produced more rain. Read More
Atlantic Hurricane Outlook: 2018 Forecast Significantly Lower
According to The Weather Company's second seasonal tropical forecast for the North Atlantic basin for the 2018 season, a total of 12 named storms, 5 hurricanes, and 2 major hurricanes are expected. These forecasted numbers are lower than those issued a month ago and significantly lower than last year's numbers. Read More