RMS

Claire Souch helped upgrade RMS’s US hurricane model in 2011 during her previous tenure at the firm.

The incoming SVP joins from BMS Re, where she led the catastrophe analytics team for more than 10 years.

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”.

The modeller said 70% of losses will come from Germany and a quarter from Belgium.

The potential transaction is expected to complete in the third quarter.

The 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.

Dimosthenis Tsaknias is to lead the InsurTech’s worldwide flood modelling.

Version 21.0 of the model will become available to clients on June 23.

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.

The catastrophe modeller made the estimate using a new climate change risk model.

The firm said the outcomes differ by peril, region, and climate scenario.

The models will be available in June initially for North Atlantic hurricane, Europe inland flood and Europe windstorm.