Hurricane
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Hurricane conditions are expected in Jamaica on Wednesday, according to the NHC. -
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Cat bond spreads stabilised as maturities brought capital to deploy into the market, after an earlier spike.
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Grenada and St Vincent and the Grenadines are under the most threat from the storm.
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The broker estimated ILS capacity reached a record $107bn as cat bond interest surged.
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The broker said high ILS maturities would boost cat bond issuance though the hurricane season would impact capital availability.
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The model uses machine learning and daily data to forecast hurricane seasons.
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Tropical Storm Alberto, the first named storm of this year’s Atlantic hurricane season, made landfall this morning over Mexico and Texas, bringing heavy winds and gusty rains, according to the US National Hurricane Center (NHC).
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Alberto is the first named storm of this year’s hurricane season.
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A degree of pricing volatility was evident in the market this week.
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The firm is the sole provider to offer index services in the US.
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The research body initially warned of an active storm season in April.
