The Willis Re hurricane report has found that there were fewer hurricanes in 2013 than in any previous year since 1982.
The report found that the hurricane season has been unexpectedly quiet. There were a number of factors inhibiting cyclone genesis in the Atlantic that resulted in the low number of hurricanes observed.
The Atlantic hurricane season began with the formation of Tropical Storm Andrea on 5 June. The season followed with 13 named storms, which is roughly consistent with the long-term median of 12 named storms.
The charts released in the report show that major hurricanes remained over the Atlantic. Unusually, the US has not seen a major hurricane make landfall since Katrina in 2005.
A season without a major hurricane has not occurred since 1994 and the number of hurricanes this year was the lowest since 1982.
For insurance purposes, a hurricane is modelled as a one in 100 year occurrence, one of the lowest risk and highest loss insurable events.