Risk Science: What You Need to Read Today
Philippines Plans Backup Capital to Prepare for Disasters
Bloomberg
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?
CityMetric
Bucharest, Romania. Welcome to Europe’s most earthquake-prone city.
Climate Researchers Employ Tool From 1800s: Whaling Logs
AP
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
Bloomberg
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
WSJ (sub may be required)
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
Financial Times (sub may be required)
The consequences are real for pensions and insurance contracts.
L&G Wins $219 Million Pension Deal With Ex-Fortis Unit ASR
Bloomberg
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?
ValueWalk
Warren Buffett may be 85 years old, but he understand the importance of changing with the times.
