> ## Content Index
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# December 16, 2015: Backup Capital, Buffett Busting and How Even Greenberg Got His Groove Back
- URL: https://www.riskmarketnews.com/december-16-2015/
- Published: 2015-12-16T08:27:22.000Z
- Updated: 2015-12-16T08:27:22.000Z
- Author: Chris Westfall

## Risk Science: What You Need to Read Today

### 

### [Philippines Plans Backup Capital to Prepare for Disasters](http://www.bloomberg.com/news/articles/2015-12-15/philippines-plans-backup-capital-city-to-prepare-for-disasters?ref=riskmarketnews.com)

#### [Bloomberg](http://www.bloomberg.com/news/articles/2015-12-15/philippines-plans-backup-capital-city-to-prepare-for-disasters?ref=riskmarketnews.com)

As insurance against some natural disaster crippling the government in Manila, the Philippines is building an alternate capital.

### [Is Bucharest Ready for the Earthquake that Could Kill Thousands of Its Citizens?](http://www.citymetric.com/skylines/bucharest-ready-earthquake-could-kill-thousands-its-citizens-1645?ref=riskmarketnews.com)

#### [CityMetric](http://www.citymetric.com/skylines/bucharest-ready-earthquake-could-kill-thousands-its-citizens-1645?ref=riskmarketnews.com)

Bucharest, Romania. Welcome to Europe’s most earthquake-prone city.

### [Climate Researchers Employ Tool From 1800s: Whaling Logs](http://abcnews.go.com/Technology/wireStory/climate-researchers-employ-tool-1800s-whaling-logs-35791907?ref=riskmarketnews.com)

#### [AP](http://abcnews.go.com/Technology/wireStory/climate-researchers-employ-tool-1800s-whaling-logs-35791907?ref=riskmarketnews.com)

Maritime historians, climate scientists and ordinary citizens are coming together on a project to study the logbooks of 19th-century whaling ships to better understand modern-day climate change and Arctic weather patterns.

### [Pacific Hurricane, Typhoon Records Keep Falling With Weeks to Go](http://www.bloomberg.com/news/articles/2015-12-15/pacific-hurricane-typhoon-records-keep-falling-with-weeks-to-go?ref=riskmarketnews.com)

#### [Bloomberg](http://www.bloomberg.com/news/articles/2015-12-15/pacific-hurricane-typhoon-records-keep-falling-with-weeks-to-go?ref=riskmarketnews.com)

It’s been a record year for powerful hurricanes and typhoons in the Pacific Ocean, and they just keep coming.

## Risk Business: What You Need to Read Today

### 

### [Even Greenberg Dropped Out, Then Build Insurance Behemoth](http://www.wsj.com/articles/evan-greenberg-dropped-out-then-built-insurance-behemoth-1450224649?ref=riskmarketnews.com)

#### [WSJ (sub may be required)](http://www.wsj.com/articles/evan-greenberg-dropped-out-then-built-insurance-behemoth-1450224649?ref=riskmarketnews.com)

ACE chief is working to close the deal for rival Chubb and says he plans to scoop up other insurance business as opportunities arise.

### [Mispricing Derivatives a Danger for Real Assets](http://www.ft.com/intl/cms/s/0/02d2e29c-9520-11e5-ac15-0f7f7945adba.html?ref=riskmarketnews.com#axzz3uU3Eg8dm)

#### [Financial Times (sub may be required)](http://www.ft.com/intl/cms/s/0/02d2e29c-9520-11e5-ac15-0f7f7945adba.html?ref=riskmarketnews.com#axzz3uU3Eg8dm)

The consequences are real for pensions and insurance contracts.

### [L&G Wins $219 Million Pension Deal With Ex-Fortis Unit ASR](http://www.bloomberg.com/news/articles/2015-12-16/l-g-wins-219-million-pension-deal-with-ex-fortis-unit-asr?ref=riskmarketnews.com)

#### [Bloomberg](http://www.bloomberg.com/news/articles/2015-12-16/l-g-wins-219-million-pension-deal-with-ex-fortis-unit-asr?ref=riskmarketnews.com)

The transaction is being undertaken by the U.K. company’s reinsurance unit L&G Re, which was set up in 2014,

### [Buffett Creating New Business Model In Reinsurance Sector?](http://www.valuewalk.com/2015/12/buffett-new-reinsurance/?ref=riskmarketnews.com)

#### [ValueWalk](http://www.valuewalk.com/2015/12/buffett-new-reinsurance/?ref=riskmarketnews.com)

Warren Buffett may be 85 years old, but he understand the importance of changing with the times.