LONDON – 7 August, 2023 – Barents Reinsurance SA, part of the Barents Re Group, has entered into a multi-year agreement with Moody’s RMS, the leading global catastrophe risk modeling and solutions company.
Barents Reinsurance SA has selected Moody’s RMS to provide natural catastrophe modeling services for its expanding property portfolio. Data enhancement and modeling will be executed by Moody’s RMS Analytical Services team to cover multiple perils including Europe earthquakes, windstorm, floods, and severe convective storms.
Exposure management analysis will be managed through the ExposureIQ™ application available on the Moody’s RMS Intelligent Risk Platform™.
Bruce Rodger, CUO, London Market Facultative Business at Barents Reinsurance SA, said: “Barents Reinsurance SA is well known for its work in specialty reinsurance products and the expertise of our underwriting teams. We see our property portfolio as a solid growth area for this business and this agreement will help us support our clients as we continue to expand our property portfolio.”
“Barents Reinsurance SA is committed to providing the highest level of service to its clients and brokers. With this new agreement working with Moody’s RMS and their Analytical Services team, we aim to continue to deliver enhanced insights, analysis, and opportunities to all our clients.”
Jason Futers, Managing Director, Moody’s RMS, said: “We are pleased to be working with Barents Reinsurance SA at this exciting time for their business. Risk is becoming increasingly complex, especially around property. Companies that can utilize science and technology to better understand these risks are able to make better-informed risk decisions.”
About Barents Reinsurance SA
Barents Re is a leading independent reinsurance group. Established in 1996, Barents Re has a well-established presence in Europe, Latin America, the Middle East, and Asia. The company provides a wide range of niche and specialty reinsurance products to property and casualty insurers. Barents Re Reinsurance Company, Inc. and Barents Reinsurance S.A. are both rated ‘A’ (Excellent) by A.M. Best.