Twelve Capital Event Update

In the Atlantic, there are currently four potential developments of interest, all with less than a 30% chance of formation over the next seven days. Two of these systems are located in the open Atlantic, with one situated inside the Gulf of Mexico and one located off the coast of the Yucatan peninsular in Mexico, with a possibility of formation in the Gulf of Mexico early next week.

In the Pacific, Typhoon Yagi has become the strongest storm of the Typhoon season, briefly causing windspeeds in excess of 250 km/h. Yagi is expected to make landfall today near Hainan, the southernmost province of China. Widespread damage from wind and intense precipitation driven flooding will likely ensue. Given the current estimated storm track and intensity, we do not expect an effect on the Cat Bond market or any Twelve managed Portfolio.

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