Twelve Capital Event Update

Hurricane situation

There have been no further named storms in the Atlantic since our update last week. There are however two areas of interest in the Atlantic, the first of which originated off the west coast of Africa and currently has an 80% chance of development during the next 7 days, albeit with current forecasts indicating that it will curve away from U.S. mainland and remain in the Atlantic Ocean. The second area is located in the Gulf of Mexico, with only a 10% chance of development during the next 7 days.

In the Eastern Pacific, Tropical Storms Lidia and Max are both located off the west coast of Mexico, with current forecasts indicating that both will make landfall in Mexico during the course of the week. Of particular interest is Tropical Storm Lidia, with some models predicting intensification to a Category 2 storm upon landfall. Both these storms require monitoring as they have potential to pass through Mexico mainland and crossover into the Gulf of Mexico.

Twelve Capital continues to closely monitor any catastrophe events and will issue specific updates on any relevant new major events that occur. Given the end of the Atlantic hurricane season is approaching, event updates will now be provided every second week.