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 …
RMS, the Newark, Calif.-based catastrophe modeling company, estimates that insured losses from the Western and Central Europe flooding, which occurred between July 12 and 18, 2021, will likely range between €5 billion and €6.5 billion (US$6 billion and US$7.7 billion). …
Moody’s Corp. has agreed to acquire RMS, a global provider of climate and natural disaster risk modeling and analytics, for approximately $2.0 billion (1.425 billion pounds) from Britain’s Daily Mail and General Trust. Moody’s said the acquisition will increase Moody’s …
Daily Mail and General Trust Plc (DMGT) said it is in discussions to sell its catastrophe modeling insurance unit, RMS, following a number of third party inquiries. DMGT said discussions are ongoing and there is no certainty that a transaction …
In today’s International People Moves, appointments are detailed from AXIS Re, Lockton Re and catastrophe modeling company RMS. A summary of these new hires follows here. AXIS Re, the reinsurance business segment of AXIS Capital Holdings Ltd. announced the appointment …
RMS remains first and only risk modeling company to offer hurricane models certified by the FCHPLM on both on-premises software and a cloud platform simultaneously Newark, Calif. – June 10, 2021 – Today, RMS, the world’s leading catastrophe risk modeling …
Business Benefits of Risk Modeler Driving Customer Adoption; Insurers, Reinsurers, and Brokers from Every Major Global Region Have Adopted Risk Modeler Newark, Calif., May 11, 2021 – At its annual Exceedance conference this week, RMS, the world’s leading catastrophe risk …
LONDON – When much of the global economy locked down last year, insurers, facing estimated losses of more than $100 billion globally, reached straight for their red pens to strike pandemic cover from all new business policies. Denis Kessler, chairman …
New Innovations Enable Rapid Assessments of Potential Losses Before, During, and After an Event Newark, Calif., May 6, 2021 – RMS, the world’s leading catastrophe risk modeling and solutions company, announced new innovations to ExposureIQ™ on the Risk Intelligence platform, …
New Climate Change Models Show Impact of Climate Change on Losses; Losses from Hurricanes Could Increase by 24 percent by 2050 Newark, Calif., May 5, 2021 – RMS, the world’s leading catastrophe risk modeling and solutions company, revealed that according …
