Hurricane

A state of emergency has been declared across swathes of Florida by Governor Ron DeSantis.

The tropical depression looks set to hit the Sunshine State in the early hours of Saturday morning.

NHC says the weather system is likely to threaten Florida by the weekend.

The tropical Atlantic has not seen a single named storm from July 10 to August 9 for the third time since 1955, but experts warn that this does not mean hurricane season is slowing.

Louisiana insurance department says claims for 2020 hurricanes rise 4% in second quarter; Hurricane Laura now 2nd most expensive.

US landfalling activity is forecast to be slightly more above-norm than thought

The National Oceanic and Atmospheric Administration's climate prediction center has forecast 15-21 named storms for the hurricane season.

The broker estimated spreads fell by 15%-20% year on year to return to 2018 levels.

Darren Redhead, head of Lancashire Capital Management, said he thought an uplift in industry ILS capacity was “a bit of a one-off" due to Covid-19 releases.

The broker said ILS capital had reached $96bn at the end of Q1.

The storm was the earliest named E storm, forming nearly six weeks earlier than average.

Local government pensions funds in the UK are partnering up, creating new strategies and may seek diversification.