(Hurricane Igor, Sept. 13, 2010. Photo credit: NASA.)
Vibe Syndicate Management has selected RMS as its sole catastrophe risk modeler. Vibe manages Lloyd’s Syndicate 5678, which underwrites a range of insurance and reinsurance business. Under the multi-year agreement Vibe will license RMS earthquake, windstorm and flood models for multiple territories that include Australia, the Caribbean, Canada, Europe, Japan and the United States. The syndicate will use RiskLink, RMS’s catastrophe modeling software, to run the models.
“Selecting RMS as our catastrophe modeling partner affirms our strategy of employing proven, market-leading and technically superior products for our in-house modeling,” comments Dinah Gately, CEO, Vibe Syndicate Management Limited. “RMS’s deep scientific understanding of catastrophic events made them an obvious partner for us. Their teams provided us with transparent and detailed model documentation for our model validation and delivered instant value for us with their training and support services, which helped to reduce the time-to-market of our solution.”