RMS
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RMS pushed the guidance for the Carolinas component of the Ian loss $120mn higher at the mean level up to $1.94bn, as it updated figures on Saturday in private figures to clients. -
The storm is not expected to be a threat to the order of Jebi or Hagibis.
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Claire Souch helped upgrade RMS’s US hurricane model in 2011 during her previous tenure at the firm.
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The incoming SVP joins from BMS Re, where she led the catastrophe analytics team for more than 10 years.
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The cat risk modeller’s estimate is well ahead of KCC’s $18bn, as RMS said infrastructure in the states impacted by Ida have “never experienced such a strong hurricane wind intensity”.
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The modeller said 70% of losses will come from Germany and a quarter from Belgium.
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The potential transaction is expected to complete in the third quarter.
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RMS model update points to ‘fairly large’ rise in hurricane losses for US Northeast and Mid-AtlanticThe RMS V21 model update for North Atlantic hurricane incorporated data from recent major loss years but overall annual average losses have only risen up to 10% across the US.
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Dimosthenis Tsaknias is to lead the InsurTech’s worldwide flood modelling.
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Version 21.0 of the model will become available to clients on June 23.
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The firm’s climate change models will allow users to model their portfolios under the four different emission pathways adopted by the Intergovernmental Panel on Climate Change.
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The catastrophe modeller made the estimate using a new climate change risk model.
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