Hurricane

The National Hurricane Center (NHC) said that the remnants of tropical storm Harvey had regenerated into a tropical depression that could strengthen to a hurricane as it approaches the Texas coast.

Insured losses would reach $56bn if hurricane Andrew happened today, AIR Worldwide have said.

The persistent soft market puts reinsurers' earnings at greater risk of erosion from rising catastrophic occurrences worldwide, according to Standard & Poor's analysts.

Tropical storm Gert has strengthened to a hurricane overnight and is expected to cause rough seas on the east coast of the US but is not forecast to make landfall, according to the US National Hurricane Center (NHC).

Tropical Storm Franklin strengthened to a Category 1 hurricane as it made a second landfall in Mexico early Thursday morning, according to the US National Hurricane Center.

The National Oceanic and Atmospheric Administration (NOAA) said it is now more likely that the 2017 hurricane season will be above average, with the potential for it to be the most active season since 2010.

Tropical Storm Franklin battered tourist centres on Mexico's Caribbean coastline on Monday but remained out of range to trigger the World Bank-sponsored MultiCat Mexico cat bond upon its first landfall in the country.

The first named storm to threaten Mexico since the closure of the latest MultiCat Mexico cat bond is now heading towards the Yucatan peninsula.

Colorado State University meteorologist Philip Klotzbach has maintained a largely stable forecast for hurricane activity in the 2017 season.

The National Hurricane Center (NHC) warned that Tropical Storm Emily was expected to produce rainfall of 2 to 4 inches along the west coast of central Florida as it passes over the state this afternoon

Barbican's group leader of property treaty business Aaron Coates has resigned and is expected to join Twelve Capital later this year, sources said

Lancashire reported $2.0mn of income from its third-party capital management initiatives in Q2, down from $5.0mn in the same period last year due to lower fees from its Lloyd's operations and a drop in profit commission from Kinesis investors.