Risk Science: What You Need to Read Today
Sovereign Funds Ignore Climate Risk
FT (sub may be required)
Few asset owners consider the long-term risks of climate change, despite having liabilities many decades into the future.
Buffett Says Bonds Unattractive, If Not Terrible for Reinsurers
Bloomberg
Warren Buffett, who built Berkshire Hathaway Inc. by reinvesting premiums from insurance units, said low bond yields have hurt the prospects of that strategy.
AIG Raises $1.25 Billion by Selling Chinese Insurer PICC P&C Shares: IFR
Reuters
AIG’s stake sale is among the biggest block deals in Asia this year.
Resilience is the Watchword for Bank of Ireland CIO Pail Droop
Institutional Investor
A risk factor approach leads Droop to expand into new asset classes like reinsurance and catastrophe bonds.
Risk Business: What You Need to Read Today
12,000 Buildings Could Collapse in Quake-Hit Kyushu
Japan Times
The region still appears to be seismically active.
Zika Virus: First American Dies of Complications Linked to Disease
The Guardian
CDC reports man San Juan man developed autoimmune disorder after recovering from Zika symptoms, including fever and rash.
A Year After Earthquake, Nepal’s Recovery Is Just Beginning
New York Times
Outside Kathmandu, the capital, many towns and villages remain choked with rubble, as if the earthquake had happened yesterday.
Above-Average Fire Year Ahead in Hawaii, Alaska, Southwest
Seattle Times
Most of the country should see normal or below-normal problems.
