February 5, 2015: Goldman's Cat Bond Chief Millette Ready to Exit While Hong Kong Flu is Here to Stay
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February 5, 2015: Goldman's Cat Bond Chief Millette Ready to Exit While Hong Kong Flu is Here to Stay

Risk Science: What You Need to Read Today

Florida’s Hurricane ‘Luck’ Extends Back 50 Years

Sun Sentinel

Florida was struck by 15 major hurricanes between 1915 and 1964 – and 10 in the past 50 years.

What If Sandy’s Surge Swamped Washington, D.C.?

Climate Central

New Yorkers weren’t the only ones shocked and alarmed as Hurricane Sandy pushed a wall of water into the city, funneling the harbor into streets and sending torrents cascading into subways.

Hong Kong’s Flu is So Bad This Year, the Entire City Could Soon Be Wearing Face Masks

Quartz

The particularly nasty strain of influenza that’s circling the globe this year is technically called H3N2, but it was once known as the “Hong Kong flu.”

Safeguarding Development from Natural Disasters

World Bank

Natural disasters can hit developing countries with an economic force that can roll back development gains and exacerbate inequality.

Risk Business: What You Need to Read Today

Goldman Sachs’s Head of Structured Finance Millette to Retire

Bloomberg

Michael Millette, who helped Goldman Sachs Group Inc. develop the market for catastrophe bonds in the 1990s, is retiring after 21 years.

Prudential, Allstate Post Higher-Than-Expected Premiums

WSJ (sub may be required)

Two U.S. insurers reported higher-than-expected premiums written but mixed operating earnings for the fourth quarter.

Munich Re Raises Dividend After 2014 Disaster Costs Fall

Reuters

A deterioration in reinsurance market prices is making it increasingly difficult for Munich Re to sell reinsurance cover at a price commensurate with the risk.

Reinsurance Back-Up Safeguards GICs From Premium Loss

Business Standard (India)

Risk premium unlikely to go up in any significant fashion next year for Indian insurers as a result of the soft reinsurance market.

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