RMS
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The founding members include Munich Re, Gallagher Re, and BitSight. -
The National Flood Insurance Programme could face a loss of around $500mn from the hurricane, according to the estimate.
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The update projections for wind only show a 20% likelihood of losses approaching $11.7bn.
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The risk-modelling expert has served at RMS for almost 19 years after joining as a graduate trainee.
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The insured losses include those to private insurers as well as to the Turkish Catastrophe Insurance Pool.
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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.
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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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