Twelve Capital Event Update

Yesterday, Typhoon Shanshan made landfall in the southern tip of Japan, as an effective Category 2 storm. Whilst this scenario looks to be less impactful than some of the earlier forecasts which had the storm landfalling into the populated areas of Tokyo or Osaka, significant wind and rainfall has already been reported in the impacted areas. The storm is expected to continue along a north-east path, where it is likely to continue causing widespread damage, primarily through flooding and landslides. Given the current characteristics of the storm we do not expect any impact from our positions, however we will continue to closely monitor the event given it is still active.

In the Atlantic, there are two areas of potential development located in the Main Development Region that we are tracking, one with a 50% chance of formation through the next 7 days and the other with a 10% chance of formation.

In the Eastern Pacific, we saw three further Named Storms develop (Gilma, Hone and Hector). Hone bypassed Hawaii as a Category 1 hurricane, and Gilma is projected to impact Hawaii as a Tropical Storm in the coming days, after briefly hitting Category 4 status. As forecast currently stands, we do not expect any impact on our positions from these Eastern Pacific events.

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