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# April 29, 2016: Swiss Re Beats and Warns, U.S. Wildfire Season Forecast and Buffett the Climate Oracle
- URL: https://www.riskmarketnews.com/april-29-2016-swiss-re-beats-warns-u-s-wildfire-season-forecast-buffett-climate-oracle/
- Published: 2016-04-29T07:03:14.000Z
- Updated: 2016-04-29T07:03:14.000Z
- Author: Chris Westfall

## Risk Science: What You Need to Read Today

### [Buffett as Climate Oracle? Great, If He’d Take Job: Scientist](http://www.bloomberg.com/news/articles/2016-04-28/buffett-as-climate-oracle-great-if-he-d-take-job-scientist?ref=riskmarketnews.com)

#### [Bloomberg](http://www.bloomberg.com/news/articles/2016-04-28/buffett-as-climate-oracle-great-if-he-d-take-job-scientist?ref=riskmarketnews.com)

Warren Buffett would be a convincing advocate for doing more to combat global warming, according to a leading climate scientist.

### [Sen. Cornyn Files Bill to Speed Texas Hurricane Study](https://www.propublica.org/article/sen.-cornyn-files-bill-to-speed-texas-hurricane-study?ref=riskmarketnews.com)

#### [Pro Publica](https://www.propublica.org/article/sen.-cornyn-files-bill-to-speed-texas-hurricane-study?ref=riskmarketnews.com)

The Texas senator has proposed a bill to speed up the process of protecting Houston from a devastating hurricane.

### [Mixed Forecast for U.S. Wildfire Season](http://www.firefighternation.com/article/news-2/mixed-forecast-wildfire-season?ref=riskmarketnews.com)

#### [AP](http://www.firefighternation.com/article/news-2/mixed-forecast-wildfire-season?ref=riskmarketnews.com)

Severity of fires is not expected to be the same as last year, but some areas will be active according to Forest Service chief.

### [Vanuatu Tsunami Threat Over After Big Earthquake Hits Islands](http://www.telegraph.co.uk/news/2016/04/28/massive-earthquake-off-the-coast-of-the-vanuatu-islands-tsunami/?ref=riskmarketnews.com)

#### [The Telegraph](http://www.telegraph.co.uk/news/2016/04/28/massive-earthquake-off-the-coast-of-the-vanuatu-islands-tsunami/?ref=riskmarketnews.com)

The United States Geological Survey said the 7.0-magnitude quake – originally reported as 7.3 – struck at a relatively shallow depth of 35 kilometers.

## Risk Business: What You Need to Read Today

### [Swiss Re Sees Challenging 2016 Environment After Q1 Earnings Beat](http://www.reuters.com/article/swiss-re-results-idUSL5N17W0QQ?ref=riskmarketnews.com)

#### [Reuters](http://www.reuters.com/article/swiss-re-results-idUSL5N17W0QQ?ref=riskmarketnews.com)

The world’s second-largest reinsurer Swiss Re said on Friday it expected challenging market conditions to continue throughout 2016.

### [Swiss Re CFO: Must Stay Prepared for Major Disasters](http://www.bloomberg.com/news/videos/2016-04-29/swiss-re-cfo-must-stay-prepared-for-major-disasters?ref=riskmarketnews.com)

#### [Bloomberg (Video)](http://www.bloomberg.com/news/videos/2016-04-29/swiss-re-cfo-must-stay-prepared-for-major-disasters?ref=riskmarketnews.com)

David Cole, chief financial officer at Swiss Re, explains how the company prepares for potentially large financial losses from major disasters.

### [Credit Suisse Said to Kick Off Sale of Novel Bond to Ease Risk](http://www.bloomberg.com/news/articles/2016-04-28/credit-suisse-said-to-kick-off-sale-of-novel-bond-to-ease-risk?ref=riskmarketnews.com)

#### [Bloomberg](http://www.bloomberg.com/news/articles/2016-04-28/credit-suisse-said-to-kick-off-sale-of-novel-bond-to-ease-risk?ref=riskmarketnews.com)

Credit Suisse Group AG has started taking orders for a new kind of bond to offload risk from events like rogue trading and cybercrime after receiving initial interest from investors.

### [Schroders Enters Reinsurance Market](http://www.efinancialnews.com/story/2016-04-28/schroders-takes-stake-in-reinsurer-safe-harbor?ref=riskmarketnews.com)

#### [Financial News](http://www.efinancialnews.com/story/2016-04-28/schroders-takes-stake-in-reinsurer-safe-harbor?ref=riskmarketnews.com)

Schroders has put down a new marker in the pension scheme buyout market by buying a 12.5% stake in Bermuda-based Safe Harbor, which puts together reinsurance contracts for life assurance companies.