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# November 23, 2016: Bermuda Consolidates ILS Dominance, Northeast Hurricanes to Become More Common and Siberian Snow Theory
- URL: https://www.riskmarketnews.com/november-23-2016-bermuda-consolidates-ils-dominance-northeast-hurricanes-become-common-siberian-snow-theory/
- Published: 2016-11-23T06:54:20.000Z
- Updated: 2016-11-23T06:54:20.000Z
- Author: Chris Westfall

## Risk Science: What You Need to Read Today

### [Hurricane Risk to Northeast USA Coast Increasing, Research Warns](http://phys.org/news/2016-11-hurricane-northeast-usa-coast.html?ref=riskmarketnews.com)

#### [Phys.org](http://phys.org/news/2016-11-hurricane-northeast-usa-coast.html?ref=riskmarketnews.com)

The Northeastern coast of the USA could be struck by more frequent and more powerful hurricanes in the future due to shifting weather patterns

### [Siberian Snow Theory Points to an Early and Cold Winter in U.S.](http://www.bloomberg.com/news/articles/2016-11-23/siberian-snow-theory-points-to-an-early-and-cold-winter-in-u-s?ref=riskmarketnews.com)

#### [Bloomberg](http://www.bloomberg.com/news/articles/2016-11-23/siberian-snow-theory-points-to-an-early-and-cold-winter-in-u-s?ref=riskmarketnews.com)

The father of the “Siberian Snow Theory” suggests this winter will be long and cold.

### [Tsunami Among Highest Since ’11 Disaster](http://www.the-japan-news.com/news/article/0003363943?ref=riskmarketnews.com)

#### [Japan News](http://www.the-japan-news.com/news/article/0003363943?ref=riskmarketnews.com)

According to an expert, the tsunami generated were not high given the scale of the earthquake.

### [‘Otto’ Could Be First Hurricane to Make Landfall in Costa Rica Since at Least 1851](https://www.washingtonpost.com/news/capital-weather-gang/wp/2016/11/22/otto-could-be-first-hurricane-to-make-landfall-in-costa-rica-since-at-least-1851/?ref=riskmarketnews.com)

#### [Washington Post](https://www.washingtonpost.com/news/capital-weather-gang/wp/2016/11/22/otto-could-be-first-hurricane-to-make-landfall-in-costa-rica-since-at-least-1851/?ref=riskmarketnews.com)

“These are startling locations for tropical cyclone advisories–understandably so.”

## Risk Business: What You Need to Read Today

### [Risk Accumulating](http://www.scmp.com/business/banking-finance/article/2048671/risk-accumulating?ref=riskmarketnews.com)

#### [South China Morning Post](http://www.scmp.com/business/banking-finance/article/2048671/risk-accumulating?ref=riskmarketnews.com)

The acquisitive appetite of China’s companies by overseas insurance companies will remain strong, despite rising uncertainty and volatile market conditions.

### [Bermuda Stakes Claim as ILS Hub](http://www.opalesque.com/662283/Bermuda%5Fstakes%5Fclaim%5Fas%5FILS%5Fhub228.html?ref=riskmarketnews.com)

#### [Opalesque](http://www.opalesque.com/662283/Bermuda%5Fstakes%5Fclaim%5Fas%5FILS%5Fhub228.html?ref=riskmarketnews.com)

Bermuda has taken over as the primary hub for insurance linked securities.

### [AIG Joins List of Finance Firms Looking at Moving Some UK Operations](http://www.reuters.com/article/us-britain-eu-insurance-idUSKBN13H0U9?ref=riskmarketnews.com)

#### [Reuters](http://www.reuters.com/article/us-britain-eu-insurance-idUSKBN13H0U9?ref=riskmarketnews.com)

AIG joins a growing list of finance industry companies that have said they may have to shift some operations to continental Europe to maintain links to customers after Brexit.

### [BSX and CISE Sign Cooperation Agreement](http://www.institutionalassetmanager.co.uk/2016/11/22/246033/bsx-and-cise-sign-cooperation-agreement?ref=riskmarketnews.com)

#### [Institutional Asset Manager](http://www.institutionalassetmanager.co.uk/2016/11/22/246033/bsx-and-cise-sign-cooperation-agreement?ref=riskmarketnews.com)

The Bermuda Stock Exchange and the Channel Islands Securities Exchange have signed a memorandum of understanding (MoU) to explore the opportunities offered by working closer together.