January 21, 2015: Pine Brook Bets on Third Point Re and Davos Risks Get Weird
1 min read

January 21, 2015: Pine Brook Bets on Third Point Re and Davos Risks Get Weird

Risk Science: What You Need to Read Today

Megathrust Earthquake off B.C. Coast Extremely Likely but Might Not Strike for Centuries

CBC

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

CNBC

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

Radio New Zealand

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

AP

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

Bloomberg

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

Valuewalk

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

World Bank

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

Bloomberg

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.

 

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