Montpelier Reinsurance Ltd., the Bermuda subsidiary of Montpelier Re Holdings Ltd., announced the launch of the Montpelier Risk Institute (MRI), a virtual risk institute designed to get scientists and insurance specialists in the same room to target new methods for quantifying risk.

For the MRI’s research of advanced model development on natural catastrophe and man-made risk, it is partnering with the University of Western Ontario (UWO), the affiliated Institute for Catastrophic Research (ICLR) in Ontario, Canada, and several private research institutions in Europe.

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