RMS Appointed Catastrophe Risk Modeler for Vibe Syndicate Management
Risk modeler to provide earthquake, windstorm and flood models for multiple territories
Newark, Calif. -
December 03, 2014 -
the world's leading catastrophe risk management firm, today announced it has
been selected as the sole catastrophe risk modeling provider for Vibe Syndicate
Management. Vibe manages Syndicate 5678 at Lloyd’s, which underwrites a range
of insurance and reinsurance business.
“Selecting RMS as our catastrophe modeling partner affirms our strategy of employing proven, market-leading and technically superior products for our in-house modeling,” said Dinah Gately, CEO, Vibe Syndicate Management Limited. “RMS’s deep scientific understanding of catastrophic events made them an obvious partner for us. Their teams provided us with transparent and detailed model documentation for our model validation and delivered instant value for us with their training and support services, which helped to reduce the time-to-market of our solution.”
“We pride ourselves on delivering the most up-to-date science and advanced catastrophe risk management solutions,” said Jason Futers, senior vice president and head of sales for Europe and Asia, RMS. “We’re delighted to work with Vibe Syndicate Management as its sole catastrophe modeling provider, and we look forward to a long relationship with the company.”
Under the multi-year agreement Vibe will license RMS earthquake, windstorm and flood models for multiple territories that include Australia, the Caribbean, Canada, Europe, Japan and the United States. The syndicate will use RiskLink, RMS’s catastrophe modeling software, to run the models.
RMS models and software help financial institutions and public agencies evaluate and manage catastrophe risks throughout the world, promoting resilient societies and a sustainable global economy.