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The Bahamas are likely to be struck by the storm this weekend. -
There is a 10 percent chance of the storm coming within 50 miles of Miami, according to the modelling agency.
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The storm looks set to clip southern Georgia after making landfall in Florida on Monday.
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A “hiccup” in the storm’s structure means it is now tracking more slowly towards Florida, according to the NHC.
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The hurricane is forecast to approach Florida as a major storm on Sunday evening.
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Tropical Storm Dorian is due to hit Puerto Rico later today.
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The threat to the Bahamas and east coast of Florida has increased, according to the NHC.
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Streets in Madrid were flooded yesterday as the Spanish capital was subject to hail and torrential rain.
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The reinsurance and ILS markets have spent two years talking about losses, but perhaps more focus on the good years would help reduce some of the noise in the bad years.
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The agency maintained its prediction of eight hurricanes but increased the number making landfall in the US to two and in Florida to one.
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CAC Specialty aims to bring structured finance solutions with insurance broking capabilities.
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The fund now has £159.4mn allocated to ILS through Leadenhall Capital Partners.
