logo image

Newark, Calif. - September 14, 2011  Risk Management Solutions (RMS) has completed the expert modeling analysis in connection with the securities offering undertaken by Golden State Re Ltd., a special purpose reinsurance company domiciled in Bermuda. The securities offering is intended to finance a separate reinsurance transaction providing $200 million of collateralized coverage against U.S. earthquake casualty over three years for the State Compensation Insurance Fund, and is the first of its kind to cover workers compensation.

The trigger for the reinsurance arrangement is based on modeled notional losses calculated by RMS using ground motion data from the U.S. Geologic Survey. To manage the temporal variability inherent in workers compensation risks, RMS will use earthquake time-of-day to estimate the exposed population of workers.

"The use of a modeled loss trigger with a time-of-day component illustrates how a relatively complex risk, like earthquake casualty, can be transferred transparently and efficiently to the capital markets," commented Peter Nakada managing director of RiskMarkets, RMS' dedicated insurance-linked securities (ILS) team. "We're excited to have the RMS® U.S. Earthquake Casualty Model used in this innovative transaction, and to have helped bring the deal to market."

Related Resources
July 07, 2020
Covid-19 Can Be Springboard to Understanding Clash Risk: RMS CEO

June 19, 2020
The COVID Catastrophe

June 19, 2020
A Model Approach

About RMS

Risk Management Solutions, Inc. (RMS) helps insurers, financial markets, corporations, and public agencies evaluate and manage global risk from natural and man-made catastrophes, including hurricanes, earthquakes, floods, climate change, cyber, and pandemics.

RMS leads the catastrophe risk industry that we helped to pioneer by marrying data and advanced model science with leading-edge technology. Leaders across multiple industries can address the risks of tomorrow through RMS Risk Intelligence™, our open, real-time exposure and risk management platform, enabling them to tap into RMS HD models, rich data layers, intuitive applications and APIs that simply integrate into existing enterprise systems.

RMS is a trusted solutions partner enabling effective risk management for better business decision making across underwriting, risk selection, mitigation, and portfolio management.

Visit RMS.com to learn more and follow us on LinkedIn and Twitter.

Media Contacts

Matthew Longbottom

PR Lead, EU and APAC
+44 20 7444 7706 prteam@rms.com

Devonne Cusi

PR Lead, Americas
+1 551 226 1604 prteam@rms.com
cta image

Subscribe to Our Newsletter

close button
Video Title

Thank You

You’ll be contacted by an RMS specialist shortly.

RMS.com uses cookies to improve your experience and analyze site usage. Read Cookie Policy or click I understand.

close