February 22, 2016: Canterbury Continues to Shake, Mixing Reinsurance, Cat Bonds and Fiji Faces a Long Recovery

Chris Westfall
Chris Westfall

Risk Science: What You Need to Read Today

Death Toll From Fiji Cyclone Mounts Amid Health Crisis Fears


The majority of the fatalities were along the western coast and were caused mainly by flying debris and drowning in storm surges.

CSIRO Climate Cuts Will Breach Paris Agreement and Cost Economy –Report

The Guardian

Cuts to climate modelling and measuring research contradict Australia’s pledge to strengthen commitments to climate science.

Five Years, 14,000 Quakes, and a New South Island

Press New Zealand

14,000 earthquakes since 2010 introduced a Canterbury no one expected to ever see, far different from the one that was supposed to be.


In Zika Epidemic, a Warning on Climate Change

New York Times

Recent research suggests that under a worst-case scenario, the number of people exposed to the principal mosquito in disease spread could more than double.

Risk Business: What You Need to Read Today

Reinsurance or Cat Bond? How to Optimally Combine Both


New research argues It is optimal to cover small losses using reinsurance and hedge higher losses by issuing a cat bond.

Fears Revealed Over End to ‘Tax Havens’

Royal Gazette

“Bermuda will be sucked down that vortex. This is a classic case of having to be careful what you wish for.”

Loss Creep Returns to Canterbury


Insurers officially ran out of reinsurance for the 2011 Christchurch earthquake this year, meaning, five years after the devastation, the cash to settle claims is now coming from their shareholders.

Smart Beta ‘Could Go Horribly Wrong’

Financial Times (sub may be required)

Smart beta, one of the most popular investment strategies of the past 12 months, could go “horribly wrong” and leave investors nursing large-scale losses.