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# January 21, 2015: Pine Brook Bets on Third Point Re and Davos Risks Get Weird
- URL: https://www.riskmarketnews.com/january-21-2015-pine-brook-bets-third-point-re-davos-risks-get-weird/
- Published: 2015-01-21T07:00:12.000Z
- Updated: 2015-01-21T07:00:12.000Z
- Author: Chris Westfall

## Risk Science: What You Need to Read Today

### [Megathrust Earthquake off B.C. Coast Extremely Likely but Might Not Strike for Centuries](http://www.cbc.ca/news/canada/megathrust-earthquake-off-b-c-coast-extremely-likely-but-might-not-strike-for-centuries-1.2917937?ref=riskmarketnews.com)

#### [CBC](http://www.cbc.ca/news/canada/megathrust-earthquake-off-b-c-coast-extremely-likely-but-might-not-strike-for-centuries-1.2917937?ref=riskmarketnews.com)

A massive megathrust earthquake off the coast of B.C. — along with a tsunami — is a near certainty, experts say, but nailing down when it will hit is impossible to predict.

### [Davos Disruptors: Rogue Robots, Gene Weapons](http://www.cnbc.com/id/102344529?ref=riskmarketnews.com#.)

#### [CNBC](http://www.cnbc.com/id/102344529?ref=riskmarketnews.com#.)

Reading the World Economic Forum’s Global Risk Report, you’d be forgiven for thinking the world was heading for an Hollywood-style apocalypse.

### [First Cyclone of Season Forms Near Tahiti](http://www.radionz.co.nz/international/pacific-news/264186/first-cyclone-of-season-forms-near-tahiti?ref=riskmarketnews.com)

#### [Radio New Zealand](http://www.radionz.co.nz/international/pacific-news/264186/first-cyclone-of-season-forms-near-tahiti?ref=riskmarketnews.com)

Fiji’s Meteorological Service says a category 1 tropical cyclone has developed 340 kilometres north northwest of Tahiti.

### [High, Wide Sand Dunes Worked During Hurricane Sandy, Report Finds](http://www.huffingtonpost.com/2015/01/20/sand-dunes-hurricane-sandy%5Fn%5F6510084.html?ref=riskmarketnews.com)

#### [AP](http://www.huffingtonpost.com/2015/01/20/sand-dunes-hurricane-sandy%5Fn%5F6510084.html?ref=riskmarketnews.com)

A study by a leading coastal science center lends new support to New Jersey’s efforts to build protective sand dunes along its 127-mile coast.

## Risk Business: What You Need to Read Today

### [Allianz Re CEO Says Rate Reductions May Abate in 2015](http://www.bloomberg.com/news/2015-01-20/allianz-re-ceo-says-rate-reductions-may-abate-in-2015.html?ref=riskmarketnews.com)

#### [Bloomberg](http://www.bloomberg.com/news/2015-01-20/allianz-re-ceo-says-rate-reductions-may-abate-in-2015.html?ref=riskmarketnews.com)

Rates charged by reinsurers, which have been falling for most of the past decade, may decline more slowly this year, the head of Allianz SE’s reinsurance division said.

### [Pine Brook Acquires Big Stake in Third Point Reinsurance](http://www.valuewalk.com/2015/01/third-point-reinsurance-pine-brook/?ref=riskmarketnews.com)

#### [Valuewalk](http://www.valuewalk.com/2015/01/third-point-reinsurance-pine-brook/?ref=riskmarketnews.com)

Filings showed that Pine Brook Road Advisors LP, an investment management firm owns 13.1% or 13,656,184 shares of Third Point Reinsurance Ltd.

### [Insuring for the Future: Mitigating the Impacts of Natural Disasters in South East Europe](http://www.worldbank.org/en/news/feature/2015/01/20/insuring-for-future-mitigating-impacts-of-natural-disasters-in-south-east-europe?ref=riskmarketnews.com)

#### [World Bank](http://www.worldbank.org/en/news/feature/2015/01/20/insuring-for-future-mitigating-impacts-of-natural-disasters-in-south-east-europe?ref=riskmarketnews.com)

Extreme weather events, including devastating floods in May, plagued much of the region throughout 2014 and negatively impacted nearly every economic sector in the region.

### [Berkshire’s Gen Re Promotes Jones, Ferrero as Tooker Departs](http://www.bloomberg.com/news/2015-01-20/berkshire-s-gen-re-promotes-jones-ferrero-as-tooker-departs.html?ref=riskmarketnews.com)

#### [Bloomberg](http://www.bloomberg.com/news/2015-01-20/berkshire-s-gen-re-promotes-jones-ferrero-as-tooker-departs.html?ref=riskmarketnews.com)

General Re Corp., one of the reinsurance units at Warren Buffett’s Berkshire Hathaway Inc., named Robert M. Jones and Carole M. Ferrero to lead direct sales of property-casualty coverage.