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NEWARK, Calif. - January 14, 2015 RMS, the world's leading catastrophe risk management firm, today announced it is expanding its business relationship with the China Reinsurance Group (China Re) to further the reinsurer’s efforts to cultivate its presence outside of China. Through the agreement, RMS models will support China Re’s Syndicate 2088, the first Chinese direct investment into Lloyd’s, enabling China Re to use robust in-house model coverage to write open market business in Europe for the first time. The setup of Syndicate 2088 improves China Re’s reinsurance portfolio mix and enhances its long-term competitiveness.

“China Re has used RMS modeling to support our international business development since 2012 and we are pleased to use RMS technology to improve our business, bringing our relationship with RMS from Beijing to London,” said Dr. Zuo Huiqiang, Head of Actuary and Risk Management, China Reinsurance Group. “China Re is committed to Lloyd’s, both in business locations and model convergence, as well as to our objective of building Syndicate 2088 and becoming a major player in the international reinsurance market.”

“We are delighted with China Re’s decision to use RMS as the sole risk model provider supporting their international business development as they move to London,” said Wen Chen, director, Asia Pacific, at RMS. “The agreement is a milestone not only for RMS’s expansion in China, but also for a more diversified and internationalized Lloyd’s.”

In accordance with Lloyd’s regulations, China Re hired Catlin Underwriting Agencies Ltd (CUAL) of Catlin Group as the managing agency for Syndicate 2088. Using RMS modeling, the syndicate will write a diversified portfolio, both by class of business and by geographic region, and a significant proportion will represent new business to the Lloyd’s market.

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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.

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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
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