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Acrisure Re hires Dr. Ming Li to lead catastrophe modeling

Acrisure Re, the reinsurance broking unit of the Acrisure group, has hired well-respected catastrophe modeling specialist and industry leader Dr. Ming Li as its new Global Head of Catastrophe Modeling. Dr. Ming Li most recently worked at reinsurance broker Guy Carpenter, having moved to the firm when Marsh acquired his previous read the full article →

Secondary perils can be “death by a thousand cuts” – Aeolus

Secondary perils require a particular level of focus, investment and effort, when it comes to modelling risks of insurance-linked securities (ILS) and reinsurance portfolios, Aeolus Capital Management executives told us recently. Secondary perils are typically understood as the group of catastrophe and severe weather perils that are not considered "peak". But in read the full article →

Aeolus Capital Management on the importance of climate models: Interview

For our latest Artemis Live video interview we explored the importance of climate risk models in the management of portfolios of reinsurance and insurance-linked securities (ILS), with senior executives from Aeolus Capital Management. Aeolus Capital Management Ltd. is a specialist reinsurance and retrocession investment fund manager that targets largely property catastrophe read the full article →

40%+ chance of a $200bn catastrophe loss year in next decade: AIR

The 1% aggregate exceedance probability insured loss (also the 100-year return period loss) from global catastrophe events has been estimated as around $320 billion by risk modeller AIR Worldwide, while the average annual is now over $100 billion. On an annual average basis, catastrophes around the world are now anticipated to read the full article →

One Concern taps into CoreLogic’s data and models

One Concern, a resilience-as-a-service solutions provider with a focus on providing upfront information on potential financial impacts of climate related loss events, has partnered with CoreLogic to use its data and models to enhance its services. One Concern has a unique approach in using artificial intelligence to try and understand, estimate read the full article →

RMS being sold to Moody’s for US $2 billion

Moody's Corporation has agreed to acquire one of the insurance and reinsurance market’s leading catastrophe risk modelling firms, RMS, for a reported price of US $2 billion, in a deal expected to close later this year. Moody's Corporation and RMS said they have entered into a definitive agreement for Moody’s to read the full article →

RMS sale on the cards as owner cites “possible disposal”

One of the insurance and reinsurance market's leading catastrophe risk modelling firms, RMS, is being offered for sale by its owner DMGT. This morning, in announcing a reorganisation and possibly buy-out by its major shareholders, DMGT noted that any such deal would be conditional on a sale of RMS. DMGT said, "Its read the full article →

Aon launches Florida hurricane catastrophe risk model

Insurance and reinsurance broker Aon has announced the launch of a new Florida hurricane catastrophe risk model developed by its specialist Impact Forecasting unit, as it seeks to provide an alternative view of the risk to market participants. Aon said that the new Florida hurricane model brings together the latest research read the full article →

Stone Point Capital & Insight Partners complete CoreLogic acquisition

Insurance and reinsurance focused private equity firm Stone Point Capital LLC and New York venture and private equity firm Insight Partners have completed their roughly $5.9 billion acquisition of CoreLogic, the property risk modelling, data and analytics company. The acquisition deal was announced back in April, providing CoreLogic with a route read the full article →

RMS Atlantic hurricane model update may adjust cat bond risk metrics

Catastrophe risk modelling specialist RMS has announced the launch of what it calls "significant updates" to its North Atlantic Hurricane (NAHU) Models, incorporating data from recent active years, including from 2017's Harvey and Irma. RMS said that version 21.0 of its North Atlantic Hurricane risk model now includes medium-term event rates, read the full article →