IRB Brasil Re Licenses RMS Cat Models

July 20, 2012

Professional reinsurer IRB Brasil Re has entered into a long-term agreement to license Risk Management Solutions’ suite of models “to enhance its catastrophe risk decision-making, and better inform business growth with advanced analytics,” said an announcement from the California-based company.

RMS explained that the “models will help IRB Brasil Re in expand and diversify its international business by quantifying risks, and pro-actively monitoring its international exposures and aggregations. This agreement highlights the growing demand for catastrophe models in Latin America and RMS’ commitment to serving this market.”

IRB Brasil Re CEO Leonardo Paixao noted that the models would help the reinsurer meet its “strategic objectives,” and that “RMS has provided us with a leading platform to empower worldwide business growth, and enable us to make more informed and profitable decisions. We are extremely pleased with RMS’ strong commitment to developing solutions for the Latin American market.”

RMS Sr. VP Jason Futers described the link up as a “strong and mutually beneficial relationship with IRB Brasil Re,” and indicated that RMS is anticipating “supporting IRB’s international growth and strategic commitment to risk management in Latin America and globally.”

Source: Risk Management Solutions

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