Twelve Securis, the specialist catastrophe bond and insurance-linked securities (ILS) investment manager, has explained that it is “cautious, but optimistic about El Niño’s positive influence on risk” for the coming Atlantic hurricane season.
In a commentary in advance of the hurricane season and in the wake of early forecasts for levels of storm activity in the Atlantic, Twelve Securis stated that, “there is increasing confidence in a strong El Niño. In fact there is a potential for one of, if not the strongest, El Niño on record.”
Adding, “This is of particular importance to ILS investors.”
El Niño, which is the warm phase of the El Niño–Southern Oscillation (ENSO) is known to exert a strong influence on weather in the tropics around the world.
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