Twelve Capital Event Update

There is currently no hurricane activity in the Atlantic and no tropical cyclone formation is expected during the next 7 days.

Hurricane Gilma has become the first Category 3 storm of the Eastern Pacific season. In addition, there are two further areas of interest, both with a very strong probability of formation over the next 7 seven days. All three of these systems have the potential to impact Hawaii, though currently there remains too much forecast uncertainty to make any conclusions regarding landfall.

In the Western Pacific, Shanshan has become the latest named storm with early forecasts indicating a landfall in Japan early next week. Similar to above, given the uncertainty in the forecast it is too early to conclude on landfall characteristics, but we will continue to track the development of the storm.

Twelve Capital continues to closely monitor relevant potential and actual catastrophe events and will issue specific updates on new major events that occur.