Newark, Calif. - Citing its latest win, catastrophe modeling is becoming increasingly important throughout financial markets, according to Risk Management Solutions (RMS), a Calif.-based provider of products and services for the management of catastrophe risk.
RMS announced that Securis Investment Partners, London, has licensed the RiskLink catastrophe modeling software for use in evaluating and managing the company's portfolio of insurance-linked securities. This agreement marks the latest development in RMS' interaction with the investment community and highlights the increasing importance of catastrophe modeling in investment decision-making.
"The licensing of RMS' catastrophe models is an important step in the ongoing development of our risk evaluation and management procedure in a security-specific and portfolio context," said Espen Nordhus, Partner of Securis. "Additionally, we look forward to working with RMS experts as our fund continues to grow and we seek out investment opportunities."
Jason Futers, vice president of RMS' London market practice added: "The investment market is an exciting area for RMS and we are delighted to be working with Securis. Many alternative investment opportunities require detailed natural hazard analysis. The application of catastrophe models for investment analysis is therefore a natural progression for RMS."
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