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Singapore - October 25, 2017  RMS, a global risk modeling and analytics firm, has opened a new office in Sydney, Australia, as part of its drive to support clients’ expansion in the Australian and New Zealand markets. The focus will be to help (re)insurers with the adoption of new models and to advise the region’s superannuation funds as they invest in insurance-linked securities (ILS).

The office’s managing director is Dr. Pierre Wiart, who will be responsible for client relationships and market development in Australia and New Zealand. Commenting on the new facility in Sydney, Dr. Wiart said: “RMS has first-rate modeling capability for this region. As well as our earthquake HD model for New Zealand, which has been offering clients the most advanced insights into seismic risk since it was released last year, next year will see updates of the cyclone and earthquake models for Australia. My task is to make clients’ adoption seamless and help them underwrite the best book of business, based upon best-in-class models.”

Wiart started his career in catastrophe risk modeling in 2000 at RMS, before working for AON, White Mountains Re in Bermuda, SCOR, QIC and IAG Re. His experience includes managing funds and providing consultancy in the ILS sector. This is an expertise he will bring to investors in Australia and New Zealand who are looking to diversify into catastrophe risk, further strengthening RMS capital markets specialism in Asia-Pacific. He is also committed to driving forward the RMS agenda to help the industry close the protection gap, focusing on resilient solutions for the public and private sectors alike.

Paul Burgess, RMS regional vice president, client development in Asia-Pacific, added: “It’s great to have Pierre back on board at RMS. Over the past decade he has gained experience across the international insurance industry, as well as with alternative capital and ILS. This insight will help RMS better support clients in the Australian and New Zealand markets, not only in property lines but in emerging classes of risk such as cyber.”

The Sydney office expands RMS presence in the Asia-Pacific region, alongside offices in Delhi, Beijing, Tokyo and Singapore. As well as new analytics for clients in Australia and New Zealand, the coming year in the Asia-Pacific region will also see updates to the RMS® Taiwan Earthquake Model, the RMS® Japan Earthquake Model and the RMS® India Earthquake Model, plus the introduction of new models for typhoon risk in the Philippines and earthquake risk in South Korea.

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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.

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
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