December 16, 2015: Backup Capital, Buffett Busting and How Even Greenberg Got His Groove Back
1 min read

December 16, 2015: Backup Capital, Buffett Busting and How Even Greenberg Got His Groove Back

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.

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