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El Niño forecast to be stronger, last longer into 2016

The chances of the current El Niño conditions becoming stronger and also lasting longer into next year have increased, according to the latest update from the U.S. NOAA's Climate Prediction Center, who now give an 80% chance it could persist into Spring 2016. The stronger the current El Niño gets and read the full article →

Stronger El Niño could both help and hinder re/insurance: KBW

Recent reports that the impending El Niño event in the Pacific Ocean may onset more quickly and be stronger than forecast could be both a help and hindrance to the insurance and reinsurance market, according to analysts at Keefe, Bruyette & Woods (KBW). Predictions from the NOAA that there’s a greater read the full article →

“Substantial” El Niño event forecast, likely to impact re/insurance

The Australian Bureau of Meteorology's confirmed yesterday that El Niño threshold levels have been reached in the tropical Pacific ocean for the first time since March 2010 and that it foresees a "substantial" event, which will likely impact insurance and reinsurance players. Earlier this year U.S. scientists said that a "weak" read the full article →

Scientists continue search for warming climate link to La Nina

As the impacts of global warming and climate change continue to cause debate and uncertainty, the possible effect that changing weather patterns have on La Nina and El Nino events has been the research of certain scientists for some time now. A recent article on the BBC and Reuters website, explains read the full article →

Kalista Global launches index-based El Nino re/insurance cover

Bermuda based insurance and reinsurance services firm Kalista Global which has a focus on the insurance-linked securities, catastrophe bond, parametric re/insurance and alternative reinsurance sectors, has launched a new product offering which it is calling ENSO-based Parametric Cover (EPC for short). The parametric product utilises sea surface temperature readings to read the full article →

How El Niño and La Niña impact hurricane frequency, intensity and landfalls

Reinsurance broker Aon Benfield published their review of the 2011 global catastrophes and re/insured losses that resulted from them yesterday. We've covered this in detail in recent weeks (here, here and here) so won't go into the loss experience of 2011 again. The report does contain one very interesting piece read the full article →

Weak La Niña most likely scenario for remainder of 2011, says WMO

The World Meteorological Organization (WMO) has published its latest update on the El Niño & La Niña weather phenomena in the Pacific ocean which have wide ranging effects on the global climate and weather patterns. The most likely scenarios are for the continuation of near neutral conditions or the formation read the full article →

Scientific research improves extreme weather planning for insurers and commodity markets

The financial services sector, especially insurers and the commodity markets, can make better risk decisions thanks to increased scientific knowledge about the climate phenomena, El Niño and La Niña, according to a new research report commissioned from the Met Office by the Lighthill Risk Network. “The importance of El Niño and read the full article →

La Niña expected to last into spring 2011

The U.S. Climate Prediction Center has issued an update on their El Niño and La Niña forecast. We've been experiencing La Niña conditions around the world for a few months and these conditions affect weather patterns, rainfall and hurricanes or storms around the world. La Niña is expected to last until read the full article →

El Nino causing fluctuations in commodity prices

Some are seeing the El Nino that is brewing the pacific ocean as an opportunity to make money on the commodity markets it seems (according to this article in the Telegraph newspaper). The El Nino phenomenon causes fluctuations in weather patterns across the southern hemisphere such as delays to the read the full article →