Twelve Capital Event Update

2 October 2023

Hurricane Situation

There are currently two named storms in the Atlantic, namely tropical storms Rina and Philippe. Both Rina and Philippe developed off the west coast of Africa and headed west across the Atlantic, with Philippe currently 200km east of the Caribbean Islands of Antigua and Barbuda. Both storms currently have similar forecasts of curving eastwards away from U.S. mainland. Using the current forecasts, we expect no impact from either storm.

Season Retrospective

As of 1 October 2023, we are approximately 75% of the way through the Atlantic hurricane season, measured by ACE (Accumulated Cyclone Energy). The chart below shows how observed hurricane activity of the current season compares to the historical average ACE (1991-2020), illustrating that we are well above average for this time of year.


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