The storm could pose a threat to reinsurance and ILS, if it tracks close to high-value areas
Milton forecast for Florida hurricane landfall | | | Milton forecast for Florida hurricane landfall. Cat bond & ILS market on watch  The Gulf Coast of Florida is facing another hurricane landfall, as tropical storm Milton has formed and is set to head quickly towards Florida, with rapid intensification forecast and a major hurricane Milton landfall possible that could have the potential to cause meaningful insurance and reinsurance market losses. The NHC forecast cone center line is currently focused on Tampa Bay as well, but there is some uncertainty as the cone is relatively wide still at this time. The NHC says "steady to rapid strengthening is forecast during the next few days," and Milton could be a major hurricane early this coming week. As a result, catastrophe bond and ILS market participants are already watching closely. Read the full story. | | | | | | Please share this with colleagues and friends if you think they would like to receive it.
If you've been forwarded this but want to subscribe, visit Artemis.
| | | | | | You may be receiving this because you recently attended an industry event we partnered with, giving us permission to email you. If you don't want to receive our weekly ILS, catastrophe bond and reinsurance capital newsletter please Unsubscribe or Edit your subscription here .
© Steve Evans Ltd. - Artemis.bm
| | | |
No comments:
Post a Comment