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# August 10, 2016: Refocusing the London Reinsurance Market, Sizing Tsunamis, Buffett's Cash Problem
- URL: https://www.riskmarketnews.com/august-10-2016-refocusing-london-reinsurance-market-sizing-tsunamis-buffetts-cash-problem/
- Published: 2016-08-10T07:51:33.000Z
- Updated: 2016-08-10T07:51:33.000Z
- Author: Chris Westfall

## Risk Science: What You Need to Read Today

### [Sizing Up the Tsunami Threat](https://www.hakaimagazine.com/article-short/sizing-tsunami-threat?ref=riskmarketnews.com)

#### [Hakai](https://www.hakaimagazine.com/article-short/sizing-tsunami-threat?ref=riskmarketnews.com)

Scientists are surveying the East Coast for signs of tsunami-generating submarine landslides.

### [Amber Rainstorm Signal Cancelled, But Another Storm Looms for Hong Kong in Form of Possible Typhoon](http://www.scmp.com/weather/hong-kong/article/2001685/schools-closed-red-rainstorm-alert-issued-hong-kong?ref=riskmarketnews.com)

#### [South China Morning Post](http://www.scmp.com/weather/hong-kong/article/2001685/schools-closed-red-rainstorm-alert-issued-hong-kong?ref=riskmarketnews.com)

Heavy rains led to city-wide school closures and risk of flooding in some areas.

### [Wildfire Threatens Thousands of Homes in Southern California](http://www.foxnews.com/us/2016/08/10/wildfire-threatens-thousands-homes-in-southern-california.html?ref=riskmarketnews.com)

#### [AP](http://www.foxnews.com/us/2016/08/10/wildfire-threatens-thousands-homes-in-southern-california.html?ref=riskmarketnews.com)

A wildfire threatening homes in Southern California’s rugged San Bernardino Mountains grew to over 12 square miles Tuesday.

### [Asia Must Invest More in Disaster Risk Reduction: Red Cross](http://www.reuters.com/article/us-asia-disaster-idUSKCN10L136?ref=riskmarketnews.com)

#### [Reuters](http://www.reuters.com/article/us-asia-disaster-idUSKCN10L136?ref=riskmarketnews.com)

Asia-Pacific is the world’s most disaster-prone region according to the United Nations.

## Risk Business: What You Need to Read Today

### [Expanding Scope for Acquisitions, Berkshire Cash Pot Grows](http://blogs.wsj.com/cfo/2016/08/09/expanding-scope-for-acquisitions-berkshire-cash-pot-grows/?ref=riskmarketnews.com)

#### [WSJ (sub may be required)](http://blogs.wsj.com/cfo/2016/08/09/expanding-scope-for-acquisitions-berkshire-cash-pot-grows/?ref=riskmarketnews.com)

And one question for investors, or companies interested in selling themselves, is how much of that cash the company realistically has to spend.

### [AIG CEO Says Too-Big-to-Fail Exit Not Among Top Priorities](http://www.bloomberg.com/news/articles/2016-08-09/aig-chief-says-too-big-to-fail-exit-not-among-top-10-priorities?ref=riskmarketnews.com)

#### [Bloomberg](http://www.bloomberg.com/news/articles/2016-08-09/aig-chief-says-too-big-to-fail-exit-not-among-top-10-priorities?ref=riskmarketnews.com)

“Of all of the strategic issues that we face as a leadership team, this doesn’t even make the top 10.”

### [How London Market Insurers are Responding to the Perfect Storm of Challenges](http://pwc.blogs.com/london/2016/08/how-london-market-insurers-are-responding-to-the-perfect-storm-of-challenges.html?ref=riskmarketnews.com)

#### [PwC](http://pwc.blogs.com/london/2016/08/how-london-market-insurers-are-responding-to-the-perfect-storm-of-challenges.html?ref=riskmarketnews.com)

Four key areas in which we are seeing reinsurers refocus capital, investment and expertise in reaction to developments in the market.

### [Catastrophe Bonds are Attracting More and More Investors and Reinsurers ](http://www.lesechos.fr/finance-marches/marches-financiers/0211193283563-les-obligations-catastrophe-attirent-de-plus-en-plus-les-investisseurs-et-les-reassureurs-2019758.php?ref=riskmarketnews.com)

#### [Les Echos (French only)](http://www.lesechos.fr/finance-marches/marches-financiers/0211193283563-les-obligations-catastrophe-attirent-de-plus-en-plus-les-investisseurs-et-les-reassureurs-2019758.php?ref=riskmarketnews.com)

Investors are speculating more on disaster risk, which is more profitable than the conventional bond market.