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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 →

US hurricane insured losses could rise 24%, EU flood 59% by 2050: RMS

Catastrophe risk modelling specialist RMS has said that average annual insurance industry losses from North Atlantic hurricanes could increase by 24% by 2050, while European floods could drive 59% more in insured losses by the same year. This is according to new risk models launched by RMS yesterday, as a suite 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 →

CoreLogic to be acquired by Stone Point Capital & Insight Partners for $5.89bn

CoreLogic, the property risk modelling, data and analytics company, has announced that it is being acquired by reinsurance focused private equity firm Stone Point Capital LLC and New York venture and private equity firm Insight Partners for roughly $5.89bn. CoreLogic has been the subject of a number of unsolicited bids over read the full article →

RMS to incorporate climate change into its catastrophe risk models

Catastrophe risk modelling firm RMS is set to incorporate climate change more fully into its main suite of risk models, with climate change models expected for the RMS North Atlantic Hurricane, Europe Inland Flood and Europe Windstorm models by June. It's an important step, as the insurance and reinsurance focused catastrophe read the full article →

AIR updates U.S. hurricane & inland flood catastrophe models

Catastrophe risk modelling specialist AIR Worldwide announced this week some timely updates to its Hurricane and Inland Flood Models for the United States. With hurricane season now underway and all forecasts pointing to an active year for tropical storms near the U.S., AIR's risk model updates come at just the right read the full article →

Artemis Live: Interview with RMS’ Jin Shah & Jeff Waters

This week our new video interview features RMS' Jin Shah and Jeff Waters, who joined us to discuss the 2020 Atlantic hurricane season and how technology and analytics can help insurance, reinsurance and ILS market participants be better prepared and respond as storms threaten. All of our Artemis Live video interviews read the full article →