ILS investment manager Fermat Capital signs up to use EQECAT’s RQE™ Version 13


Connecticut based specialist insurance-linked securities and catastrophe bond focused investment manager Fermat Capital Management, LLC, has signed a three-year licensing agreement to use risk modelling firm EQECAT’s new catastrophe modelling platform, RQE™ (Risk Quantification & Engineering) version 13.

The latest version of EQECAT’s platform, RQE V13 was released in January 2013 and is designed to enable insurers, reinsurers, and insurance-linked securities investors to quantify, analyse and manage the potential financial impact of natural hazards on their portfolios of catastrophe risk.

Fermat Capital, which currently manages $4.3 billion in catastrophe bonds, will use the RQE catastrophe modeling platform to analyse and manage risk in their growing ILS investment portfolios.

“EQECAT’s new RQE platform combines many desirable features from across all commercial modeling platforms,” commented John Seo, co-founder and managing principal of Fermat Capital. “RQE represents a breakthrough in granularity and transparency. In this multi-model catastrophe market, greater model insight is an important differentiating factor for insurers, reinsurers, and ILS managers alike. We would expect every catastrophe risk manager with a significant risk book to give RQE a serious evaluation and many to license it after seeing what it can do.”

Paul Little, president of EQECAT, said; “We are delighted to renew and expand our relationship with Fermat Capital Management, who have long been a leader in insurance-linked securities. The decision to add RQE to their robust analytical platform is a gratifying validation of the transformative effort we at EQECAT have put into the creation of this new platform. We look forward to continued development of our partnership in the expanding ILS market.”

Read more about RQE V13’s applications for the ILS and cat bond market in this article.

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