Atlantic named windstorm season update Q1 2022

Both Tropical Storm Risk (TSR) and Colorado State University are predicting above normal activity for the 2022 North Atlantic Named Windstorm season, but lower activity than in 2020 and 2021.

The TSR forecast has risen slightly since December 2021 due to the current La Niña conditions, expected to persist through July to September. These conditions favour reduced trade wind strength, increased vorticity, and lower vertical wind shear over the tropical North Atlantic and Caribbean Sea where hurricanes form. Despite the expectation for a moderately active hurricane season, forecasters remain uncertain about a number of factors. These include in the forecast strength of El Niño Southern Oscillation, the strength of the North Atlantic Oscillation through spring, and how warm the tropical Atlantic will be in August/September.

The chart below plots April predictions against the long-term (72 years, since records began) and 10-year averages.

Source: Tropical Storm Risk, Colorado State University, Marsh

Renewable energy, wind energy with windmills

State of the market overview Q1 2022

05/05/2022

Aerial view of international port with Crane loading containers in import export business logistics with cityscape of Bangkok city Thailand at night

Regional updates Q1 2022

05/04/2022

Oil Drill pipe. Rusty drill pipes were drilled in the well section. Downhole drilling rig. Laying the pipe on the deck. View of the shell of drill pipes laid in courtyard of the oil and gas warehouse.

News briefs Q1 2022

05/03/2022

Sea oil rig. Offshore oil drilling platform in the sea over yellow sun. Crude oil extraction and refining. Vector industrial landscape.

Demystifying common clauses Q1 2022

05/01/2022

Focus on: 100 Largest Losses in the Hydrocarbon Industry

04/29/2022

Offshore oil and gas central processing platform in sunset, petroleum business for worldwide energy.

Article

Energy & Power Insurance Newsletter Q4 2021

10/26/2021

Article

Global Market Update

10/26/2021

Article

Energy & Power Newsletter Q2 2021

07/01/2021

Article

Energy & Power Newsletter Q1 2021

04/29/2021

LCPA: 21/217

“Marsh Pty Ltd (ABN 86 004 651 512, AFSL 238983) (“Marsh”) arrange this insurance and is not the insurer. The Discretionary Trust Arrangement is issued by the Trustee, JLT Group Services Pty Ltd (ABN 26 004 485 214, AFSL 417964) (“JGS”). JGS is part of the Marsh group of companies. Any advice in relation to the Discretionary Trust Arrangement is provided by JLT Risk Solutions Pty Ltd (ABN 69 009 098 864, AFSL 226827) which is a related entity of Marsh. The cover provided by the Discretionary Trust Arrangement is subject to the Trustee’s discretion and/or the relevant policy terms, conditions and exclusions. This website contains general information, does not take into account your individual objectives, financial situation or needs and may not suit your personal circumstances. For full details of the terms, conditions and limitations of the covers and before making any decision about whether to acquire a product, refer to the specific policy wordings and/or Product Disclosure Statements available from JLT Risk Solutions on request. Full information can be found in the JLT Risk Solutions Financial Services Guide.”

Atlantic named windstorm season update

Both Tropical Storm Risk (TSR) and Colorado State University are predicting above normal activity for the 2022 North Atlantic Named Windstorm season, but lower activity than in 2020 and 2021.