Falcon Private Bank Ltd. selects RMS Miu platform to manage insurance-linked securities


We missed this press release during December from Risk Management Solutions explaining that another investment manager with interests in insurance-linked securities has chosen to use their Miu platform. Falcon Private Bank is said to manage $150m worth of ILS and has selected Miu to help them better analyse catastrophe scenarios impact on their portfolio.

Full press release from RMS below.

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RMS Provides Miu Platform for Falcon Private Bank Ltd. to Manage Insurance-Linked Securities

Calif – December 15, 2009 – Risk Management Solutions (RMS) today announced that Falcon Private Bank is the latest investor in insurance-linked securities to license its Miu portfolio management platform. With approximately $150 million of ILS assets under management, Falcon Private Bank will use Miu to access RMS’ view of key risk metrics for each security and its portfolio as a whole, including expected loss and attachment and exhaustion probabilities. Miu will also enable them to analyze the impact of various catastrophic scenarios on their portfolio.

In the past, portfolio managers needed to master the complexities of a catastrophe model to understand the risk added by ILS. Now, Miu users get ‘one click’ access to risk analyses for every live catastrophe bond in the market.

“Based on a number of important considerations, Falcon Private Bank decided to license the RMS Miu platform,” said Dirk Schmelzer, portfolio manager of Falcon Private Banks ILS products. “The platform is purpose-built for the ILS space and has been designed in collaboration with investors, therefore incorporating the exact features we were searching for to model our ILS book. We also value the openness of the platform, RMS’ hands-on approach to client service, and their ability to support us directly from their Zurich office.”

“We are pleased to welcome Falcon Private Bank to our growing family of Miu users,” commented Peter Nakada, managing director of RiskMarkets, RMS’ dedicated insurance-linked securities team. “Switzerland has long been home to an active and respected community of ILS investors. We see Falcon Private Bank’s Miu license as continuing evidence that our solution is right for ILS investors in every geography and market segment.”

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