RMS News
RMS: Less Than $2B in Insured Losses From Hurricane Nicole
Catastrophe modeler RMS said private market U.S. insured losses from Hurricane Nicole are estimated at less than $2 billion, with a best estimate of $1.6 billion.
All of the Hurricane Ian Insurance Loss Estimates
Over the course of the last two weeks, Carrier Management and Insurance Journal have been reporting on estimates of insured losses from Hurricane Ian. Below is a summary of estimates announced by ...
Executives on the Move at Ryan Specialty, RMS
Ryan Specialty has made appointments to three new senior leadership roles within the Underwriting Managers specialty. Brian Lillis is now chief operating officer. He has been with Ryan Specialty ...
What Factors Could Drive Northern Hemisphere Tropical Cyclone Risk This Season?
With June 1 heralding the official start of the 2022 North Atlantic hurricane season, Tropical Storm Alex already on the scoreboard and eight hurricane landfalls in the last two seasons, the question ...
Executives on the Move at RIMS, RMS, EIS, AmericanAg
RIMS announced that Gary LaBranche will take over as the society's new CEO on June 1 following the retirement of Mary Roth, who served for 37 years at RIMS. Since March 2017, LaBranche has served as ...
Non-Modeled Disaster Losses Are Growing Component of Insurance Claims: RMS
Not only did natural catastrophes in 2021 break insurance claims records, but they also highlighted the growing cost of non-modeled characteristics of disasters, which are altering the industry's ...
Insured Losses From February’s Windstorms in Europe Could Reach $5B: RMS
Insured losses from February's windstorms Dudley and Eunice will likely fall between $3.4 and $5.1 billion (3.0 and 4.5 billion euro), with Germany accounting for around 40 percent of the total loss, ...
Moody’s Closes $2B Acquisition of Cat Modeler RMS
Moody's Corp. reported that it has completed its acquisition of RMS, the climate and natural disaster risk modeling and analytics firm. In the transaction, originally announced on August 5, 2021. ...
Reduced Insurance Cover Leaving Offshore Operators With Big Ida Losses
Offshore energy firms are likely to face greater financial losses from Hurricane Ida than from previous storms in the Gulf of Mexico, because of reduced coverage offered by insurers, risk modeling ...