As the North Atlantic hurricane season begins officially today, forecasters continue to predict above-average storm activity. The pre-season forecast update for North Atlantic hurricane activity still predicts 18 named storms, eight hurricanes and four major (Category 3 and above) hurricanes, …
RMS, the Newark, Calif.-based risk modeling company, announced that Michael Steel has been appointed to its top leadership position of general manager. Steel succeeds Karen White, who has recently stepped down following the completion of the Moody’s acquisition. With more …
Not only did natural catastrophes in 2021 break insurance claims records, but they also highlighted the growing cost of non-modeled characteristics of disasters, which are altering the industry’s understanding of these risks, according to a report published by RMS. “Secondary …
Insured losses from February’s windstorms Dudley and Eunice will likely fall between 3.0 and 4.5 billion Euro (US$3.4 and US$5.1 billion), with Germany accounting for around 40% of the total loss, according to risk modeling firm RMS. In addition to …
A coronavirus pandemic which lasts five years, another pandemic in a decade, and ever more transmissible variants are among the scenarios life insurers are predicting after COVID-19 claims jumped more than expected in 2021. The global life insurance industry was …
LONDON – 13th December, 2021 – RMS, the world’s leading catastrophe risk solutions company, is working with leading global specialty (re)insurer Canopius to develop and enhance Canopius’ climate change risk analysis with the adoption of RMS Climate Change Models. RMS …
LONDON – 7th December, 2021 – Specialist global insurer is working with RMS, the world’s leading catastrophe risk solutions company, to extend and increase its use of groundbreaking RMS Location Intelligence API technology, to improve the customer experience for its …
Apollo to strengthen exposure management practices and respond quicker to underwriter requests RMS exposure management cloud application ExposureIQ makes business-wide exposure management faster and more accurate for informed decision-making LONDON, U.K. – September 22, 2021 – Apollo Partners LLP (Apollo), …
Moody’s Corp. reported that it has completed its acquisition of RMS, the climate and natural disaster risk modeling and analytics firm. In the transaction, originally announced on August 5, 2021. Moody’s paid approximately $2.0 billion (1.425 billion pounds) to acquire …
Catastrophe risk specialist, RMS, estimates onshore and offshore U.S. insured losses from Hurricane Ida in the Gulf of Mexico region to be between $25 billion and $35 billion. RMS’ estimate includes losses to the National Flood Insurance Program (NFIP) in …
