Twelve Capital Event Update – 8 June 2020

icn-dark-hurricane8 June 2020

Twelve Capital is once again issuing regular event updates as the 2020 Atlantic Hurricane Season officially commenced on 1 June 2020. In fact, there were already two named storms (tropical storm Arthur and tropical storm Bertha) in the Atlantic before. At present, none of these events are expected to have any significant impact on Twelve Capital’s portfolios.

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

Current events

On 7 June, tropical storm Cristobal made landfall in Louisiana between the mouth of the Mississippi River and Grand Isle as a tropical storm. It then moved further inland where it has weakened to a tropical depression. The predicted path will take it in a north-westerly direction across south-eastern Louisiana, during which time it will continue to weaken further. Cristobal has produced heavy rainfall along the Gulf Coast, and might well cause some potential tornado risk across the Gulf States. This event is not expected to have any impact on portfolios managed by Twelve Capital.

Monday, 8 June 2020