Insurers avoid severe El Niño related losses

Volatile climate conditions caused by the El Niño
phenomenon and North Atlantic Oscillation failed to significantly
impact insurers in 2015, as global significant insured losses
totalled around $30.5bn for the year, according to reinsurance
broker Guy Carpenter.
In its Global Catastrophe Review 2015, published yesterday (22
March), the broker said the 2015 insured catastrophe loss tally was
the lowest since 2009, and was well below the high of $126bn
recorded in 2011.
The losses fell far