Posts Tagged ‘tropical cyclone’



October 1st, 2018

Super Typhoon Trami

Posted at 6:53 PM ET

trami-2-bigIn the West-Pacific Basin, Typhoon Trami made landfall in the city of Tanabe, Japan (Wakayama prefecture) on 30 September at around 11 UTC (8 PM local time), according to media reports. Before reaching Honshu, the typhoon had rendered considerable impacts while making close approach to Okinawa, Kyūshū and Shikoku Islands. Trami brought significant flood impacts as a result of heavy rainfall and storm surge, as well as variable property damage due to wind. Significant power outages and transportation disruption have been reported by media. Over 4.3 million people were given evacuation orders or advisories. Media reports indicate at least four fatalities and 120 injured. It will take time to fully assess the complete scope and severity of the event, and our first thoughts and concerns are with those directly affected.

Continue reading…

September 18th, 2018

Super Typhoon Mangkhut

Posted at 4:20 PM ET

mangkhutsmallIn the West Pacific Basin, Super Typhoon Mangkhut made landfall in Northern Luzon as a Category-5 on the Saffir-Simpson Scale just after 18 UTC September 14, according to advisories of the Joint Typhoon Warning Center (JTWC). Significant impacts have been reported by media including severe damage due to wind and flooding as well as mudslides. Impacts to agricultural interests in the area have also been reported. After some weakening, Mangkhut then made final landfall just west of Hong Kong as a Category-1 on the Saffir-Simpson Scale just after 06 UTC September 16 in Taishan, according to JTWC and media reports. Considerable impacts due to wind and flooding were reported in Hong Kong, Macau and Guangdong. Media reports indicate at least 70 fatalities as a result of Mangkhut, and our thoughts and concerns are with those lost and affected by this event.

Continue reading…

September 6th, 2018

Super Typhoon Jebi

Posted at 7:22 PM ET

jebi-2-200-x-150

In the West Pacific Basin, Typhoon Jebi made first landfall on Shikoku (Tokushima Prefecture) at around 03 UTC on 4 September, and then second landfall near Kobe (Hyōgo Prefecture) at around 05 UTC on the same day. The storm brought reports of damaging wind gusts in excess of 160 km/hr (100 mph), flooding due to storm surge and heavy rainfall and mudslides. Widespread damage and power outages have been reported by media across southern Japan. Flood impacts have been especially severe in the Osaka Prefecture, where the Kansai International Airport was affected by storm surge, with disruption also to transportation links. Media reports indicate at least eleven fatalities and 400 injured. It will take time to fully assess the full scope and severity of this ongoing event, and our first thoughts and concerns are with those directly affected.

Continue reading…

August 1st, 2018

FEMA Expands Reinsurance Initiative - “FloodSmart Re” the First Cat Bond to Ultimately Benefit a Federal Agency

Posted at 2:00 AM ET

GC Securities* Acts as Sole Structuring Agent and Co-Bookrunner.

The Federal Emergency Management Agency (FEMA) announced its August 1, 2018 reinsurance placement for the National Flood Insurance Program (NFIP). For the first time, FEMA has secured reinsurance ultimately backed by capital markets investors, continuing efforts to better manage the NFIP’s financial risk. Continue reading…

May 31st, 2018

The 2017 Hurricane Season Was Among the Top-Ten-Most-Active, But Was Not Entirely Unprecedented

Posted at 1:00 AM ET

As the 2018 hurricane season approaches, we take a look back at the 2017 season. It was among the top-ten most-active seasons in recorded history since 1900 for the North Atlantic Basin.

Continue reading…

May 14th, 2018

The 2017 Hurricane Season Was Among the Top-Ten-Most-Active, But Was Not Entirely Unprecedented

Posted at 1:00 AM ET

As the 2018 hurricane season approaches, we take a look back at the 2017 season. It was among the top-ten most-active seasons in recorded history since 1900 for the North Atlantic Basin.

Continue reading…

May 3rd, 2018

2018 North Atlantic Hurricane Season; Part II

Posted at 1:00 AM ET

james-wallerJames Waller, PhD, Research Meteorologist

Contact

Atlantic Sea-Surface Temperatures (SSTs)

Observed SSTs have been cooler than average for areas of the far northern and eastern Atlantic, as well as areas of the Gulf of Mexico. Meanwhile, some areas of the western Atlantic have been trending warmer than average. The pattern could well change over the coming months, but with all else being equal this indicates the potential for near-normal activity in the basin, and some potential for development of tropical storms or hurricanes adjacent to the mainland. Seasonal outlook providers have variable views on the influence for 2018 hurricane activity.

Continue reading…

May 2nd, 2018

2018 North Atlantic Hurricane Season; Part I

Posted at 1:00 AM ET

james-wallerJames Waller, PhD, Research Meteorologist

Contact

Seasonal outlook providers continue to issue early predictions for the 2018 North Atlantic hurricane season. The Weather Company (IBM) is expecting a season of near-normal activity. Earlier this month, the Tropical Meteorology Project at Colorado State University (CSU), predicted a season more in line with the 1995-2017 elevated average. Meanwhile, North Carolina State University (NCSU) issued a prediction for above-normal activity, relative to the 1995-2017 average.

Continue reading…

January 30th, 2018

Recent Articles from Guy Carpenter’s Research Meteorologist: James Waller, Ph.D

Posted at 1:00 AM ET

james-waller

Here we link to recent GC Capital Ideas posts from James Waller, Ph.D., Guy Carpenter’s Research Meteorologist.

Continue reading…