Tropical Storm Gaston, the seventh named storm of the 2010 Atlantic hurricane season, developed at 21:00 UTC on September 1 and is currently located approximately 965 miles (1,550 kilometers) west of the Cape Verde Islands, according to the National Hurricane Center (NHC). Gaston packs sustained winds of around 40 mph (65 kmph). Gaston is traveling in a westerly direction and this general motion is expected to continue for the next 24 to 48 hours as the storm gradually strengthens. The NHC said tropical storm-force winds extend 70 miles (110 kilometers) from the center of the storm. Gaston is the fourth named storm to develop in the North Atlantic basin in the last eleven days.
Forecasters expect Gaston to track across the mid-Atlantic in the near term and approach the Leeward Islands early next week. The official NHC prediction has Gaston strengthening over the 5-day forecast range, with forecasters expecting the storm to intensify into a category 1 hurricane by September 5. Further strengthening is predicted thereafter. Gaston poses no immediate threat to land but Guy Carpenter will closely monitor the storm’s progress as it moves across the Atlantic.
Sources: National Hurricane Center, WSI, Reuters News
Click here to register for e-mail updates from GC Capital Ideas >>
Guy Carpenter’s Instrat® department provides CAT-i reports for major natural catastrophes worldwide. These reports cover catastrophes including worldwide tropical cyclones, earthquakes, major UK and European floods and any other natural event that is likely to incur a significant loss to the (re)insurance industry. Please email CAT.email@example.com if you wish to be added to the free email distribution list.
Instrat also provides RISK-i reports for major technological or man-made events worldwide. These reports cover risks to property, transport and life including explosions, fires, crashes, engineering disasters and terrorist attacks that are likely to incur a significant loss to the (re)insurance industry. Please email RISK.firstname.lastname@example.org if you wish to be added to the free email distribution list.
Hazard data illustrated in the CAT-i map was taken from i-aXs®, Guy Carpenter’s web-based risk management platform. i-aXs users can view impacted areas on any map as well as see how their portfolios were affected. Please contact your broker or Instrat® representative for assistance or go to www.i-axs.info for further information.