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# April 6, 2016: AIG to Cut UK Workforce, Slow Moving Faults and Insurers Turning to Hedge Funds
- URL: https://www.riskmarketnews.com/april-6-2016-aig-cut-uk-workforce-slow-moving-faults-insurers-turning-hedge-funds/
- Published: 2016-04-06T07:28:54.000Z
- Updated: 2016-04-06T07:28:54.000Z
- Author: Chris Westfall

## Risk Science: What You Need to Read Today

### [Study Shows That Slow Fault Movements May Indicate an Impending Earthquake](http://phys.org/news/2016-04-fault-movements-impending-earthquake.html?ref=riskmarketnews.com)

#### [Phys.org](http://phys.org/news/2016-04-fault-movements-impending-earthquake.html?ref=riskmarketnews.com)

Not only do vibrations potentially point to an impending earthquake, they also discovered a discernible pattern to them.

### [What Has Happened to al-Qaeda?](http://www.bbc.com/news/world-middle-east-35967409?ref=riskmarketnews.com)

#### [BBC](http://www.bbc.com/news/world-middle-east-35967409?ref=riskmarketnews.com)

“The real risk we face is fighting Isis and ignoring the presence of al-Qaeda.”

### [Battered Fiji Braces for Fresh Disaster with Arrival of Cyclone Zena](http://www.theguardian.com/world/2016/apr/06/battered-fiji-braces-for-fresh-disaster-with-arrival-of-cyclone-zena?ref=riskmarketnews.com)

#### [The Guardian](http://www.theguardian.com/world/2016/apr/06/battered-fiji-braces-for-fresh-disaster-with-arrival-of-cyclone-zena?ref=riskmarketnews.com)

Nationwide curfew in place as island nation prepares for second cyclone in three months to hit.

### [Solar Storm Researchers Prepare for the ‘Big One’ with New Urgency](http://www.njit.edu/features/sceneandheard/space-weather-initiative.php?ref=riskmarketnews.com)

#### [NJIT News](http://www.njit.edu/features/sceneandheard/space-weather-initiative.php?ref=riskmarketnews.com)

It is a scenario that space scientists, global insurance corporations and government agencies take seriously,

## Risk Business: What You Need to Read Today

### [US Insurers Plan Hedge Fund Expansion](http://www.efinancialnews.com/story/2016-04-05/us-insurers-plan-hedge-funds-expansion-patpatia?ref=riskmarketnews.com)

#### [Investment News](http://www.efinancialnews.com/story/2016-04-05/us-insurers-plan-hedge-funds-expansion-patpatia?ref=riskmarketnews.com)

Rising numbers of US insurance firms are turning to hedge funds in search of returns they cannot find elsewhere.

### [AIG Said to Plan Cutting About 125 Jobs in U.K. in Coming Months](http://www.bloomberg.com/news/articles/2016-04-06/aig-said-to-plan-cutting-about-125-jobs-in-u-k-in-coming-months?ref=riskmarketnews.com)

#### [Bloomberg](http://www.bloomberg.com/news/articles/2016-04-06/aig-said-to-plan-cutting-about-125-jobs-in-u-k-in-coming-months?ref=riskmarketnews.com)

AIG may eliminate about 125 positions in the U.K. as it scales back in certain countries and moves jobs to lower-cost locations.

### [China’s Anbang Resumes Overseas Push with Deal to Buy Allianz’s South Korean Business](http://www.reuters.com/article/us-allianz-sale-anbang-southkorea-idUSKCN0X301C?ref=riskmarketnews.com)

#### [Reuters](http://www.reuters.com/article/us-allianz-sale-anbang-southkorea-idUSKCN0X301C?ref=riskmarketnews.com)

The purchases expand Anbang’s presence in South Korea after it bought a 63 percent stake in Tongyang Life Insurance.

### [Things to Know About Offshore Centers](http://blogs.wsj.com/briefly/2016/04/05/5-things-to-know-about-offshore-centers/?ref=riskmarketnews.com)

#### [WSJ (sub may be required)](http://blogs.wsj.com/briefly/2016/04/05/5-things-to-know-about-offshore-centers/?ref=riskmarketnews.com)

he Cayman Islands is well known for being home to hedge funds, lawyers and service providers. Bermuda is a world center for reinsurance.