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# March 9, 2016: Swiss Re Eyeing Citi's Prime, A New Canadian Fault Zone and Rebuilding Five Years After Tohoku 
- URL: https://www.riskmarketnews.com/march-9-2016-swiss-re-eyeing-cits-prime-new-canadian-fault-zone-rebuilding-five-years-tohoku/
- Published: 2016-03-09T07:27:07.000Z
- Updated: 2016-03-09T07:27:51.000Z
- Author: Chris Westfall

## Risk Science: What You Need to Read Today

### [Earthquake Possible Along New Fault Zone Near Victoria Say Scientists](http://www.cbc.ca/news/canada/british-columbia/earthquake-possible-along-new-fault-zone-near-victoria-say-scientists-1.3481547?ref=riskmarketnews.com)

#### [CBC](http://www.cbc.ca/news/canada/british-columbia/earthquake-possible-along-new-fault-zone-near-victoria-say-scientists-1.3481547?ref=riskmarketnews.com)

It’s a 125km-long series of faults that run from Washington to Victoria.

### [Why Hurricane Irene Fizzled as it Neared New Jersey in 2011](http://phys.org/news/2016-03-hurricane-irene-fizzled-neared-jersey.html?ref=riskmarketnews.com)

#### [Phys.org](http://phys.org/news/2016-03-hurricane-irene-fizzled-neared-jersey.html?ref=riskmarketnews.com)

A dynamic process that cools the coastal ocean and can weaken hurricanes was discovered as Hurricane Irene made landfall in New Jersey.

### [Scientists Report In Real Time On Challenging Zika Research](http://www.npr.org/sections/health-shots/2016/03/08/469653715/scientists-report-in-real-time-on-challenging-zika-research?ref=riskmarketnews.com)

#### [NPR](http://www.npr.org/sections/health-shots/2016/03/08/469653715/scientists-report-in-real-time-on-challenging-zika-research?ref=riskmarketnews.com)

A new kind of openness Zika research is not the norm in biology.

### [NEC to Shop Earthquake Warning System Overseas](http://asia.nikkei.com/Business/Companies/NEC-to-shop-earthquake-warning-system-overseas?ref=riskmarketnews.com)

#### [Nikkei](http://asia.nikkei.com/Business/Companies/NEC-to-shop-earthquake-warning-system-overseas?ref=riskmarketnews.com)

A purchase by Taiwan would make NEC’s offering the first such Japanese warning system to be sold offshore.

## Risk Business: What You Need to Read Today

### [Swiss Re Said to Be in Talks to Buy Prime Reinsurance From Citi](http://www.bloomberg.com/news/articles/2016-03-08/swiss-re-said-to-be-in-talks-to-buy-prime-reinsurance-from-citi?ref=riskmarketnews.com)

#### [Bloomberg](http://www.bloomberg.com/news/articles/2016-03-08/swiss-re-said-to-be-in-talks-to-buy-prime-reinsurance-from-citi?ref=riskmarketnews.com)

Swiss Re AG is in talks to buy Prime Reinsurance Co., a unit of Citigroup Inc. set up after the financial crisis to ease the New York bank’s spinoff of insurer Primerica Inc.

### [Towards Socially Responsible Reinsurance Underwriting Practices: Readily Available ‘Big Data’ Contributions to Optimize Catastrophe Risk Management](http://ssrn.com/abstract=2737508?ref=riskmarketnews.com)

#### [SSRN](http://ssrn.com/abstract=2737508?ref=riskmarketnews.com)

Advances in big data methodologies with high degrees of granularity and transparency have made it possible to enhance the discussion on socially responsible (re)insurance underwriting practices.

### [How Hong Kong Can Survive – Even Thrive – Amid a Decline in Demand from Mainland China](http://www.scmp.com/comment/insight-opinion/article/1922470/how-hong-kong-can-survive-even-thrive-amid-decline-demand?ref=riskmarketnews.com)

#### [South China Morning Post (sub may be required)](http://www.scmp.com/comment/insight-opinion/article/1922470/how-hong-kong-can-survive-even-thrive-amid-decline-demand?ref=riskmarketnews.com)

Hong Kong can become the reinsurance centre for East Asia.

### [Tohoku is Literally Still Waiting to Move On](http://www.japantimes.co.jp/community/2016/03/05/how-tos/tohoku-literally-still-waiting-move/?ref=riskmarketnews.com#.VuAHlsd2n%5Fs)

#### [Japan Times](http://www.japantimes.co.jp/community/2016/03/05/how-tos/tohoku-literally-still-waiting-move/?ref=riskmarketnews.com#.VuAHlsd2n%5Fs)

About 125,000 homes were completely destroyed on March 2011, and the main reason many families changed their minds about rebuilding is money.