Reinsurers respond to RMS effect
The impact of the new US hurricane model from Risk Management
Solutions (RMS) is beginning to show up in (re)insurers'
quarterly results, with a number of companies stating that the
model's higher view of risk has led them to reduce their
exposure or buy more reinsurance or retrocession.
The model's influence was also felt on the capital markets, as
Standard & Poor's downgraded the ratings on a group of cat
bonds worth more than $1bn by one notch each (see...
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