February 23, 2016: Greenlight Slumps, Coastal Cities May Drown and Pool Re Ponders Cyber, Pandemic Risks

Risk Science: What You Need to Read Today

New Data Reveal Stunning Acceleration of Sea Level Rise

Scientific American

Coastal cities will face greater threat than anticipated.

Fiji Cyclone ‘Flattened’ Koro Island, Deaths Reach 29

Japan Times

There were very few buildings left standing on the island, which is home to about 4,500 people.

How NASA Accidentally Found a Way to Make Buildings Safer During Earthquakes


NASA developed a new stabilizing technology, known as the LOX Damper, in 2013 after working on a violently shaking rocket.

Supercomputer Quietly Puts U.S. Weather Resources Back on Top

USA Today

The brand-new Cray supercomputer — designed, owned and operated by the National Oceanic and Atmospheric Administration  — processes 3 quadrillion calculations per second.

Risk Business: What You Need to Read Today

Greenlight Re Posts Fourth-Straight Loss on Einhorn Slump


Investors who bet on hedge fund-reinsurance ventures have been burned lately as famous money managers failed to match their investing results from prior years.

Swiss Re Says Reinsurance Head to Take Helm, Unveils $1 Bln Buyback


Swiss Re said it had benefited last year from the “absence of major natural catastrophes” as well as strong underwriting and the release of reserves.

Pool Re Should ‘Evolve’ to Cover Cyber Attacks and Pandemics

FT (sub may be required)

The chief executive of Pool Re has said the body has the potential to take on a much broader role including cover for a massive cyber attack or a pandemic.

More Plans Than Ever Solve Liabilities Problem by Dumping Them

Pensions & Investments (sub may be required)

Most observers agree there will be many more annuity purchases, as well as lump-sum offers for terminated vested participants, in the year ahead.

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