Ardonagh and RMS strengthen tie-up to ‘unlock new opportunities’

Ardonagh Group has signed a new agreement with risk modeller  RMS, a  Moody’s Analytics company, to broaden its flood and wildfire capabilities in the US.

The partnership spans Ardonagh Specialty’s brands including Besso, Bishopsgate, Compass London Markets, Ed Broking, Inver Re, Piiq, and Price Forbes.

Ardonagh will adopt RMS Intelligent Risk Platform to advance its risk modeling and advisory capabilities using its US Flood HD Model and US Wildfire HD Model.

Antony Erotocritou, CEO of Ardonagh Specialty said: “Ardonagh Specialty strives to offer increased value to our clients. Investment in differentiating data and analytics capabilities are a core part of our value proposition. We’re excited to partner with clients and markets, creating new value, and unlocking new opportunities for the industry. By extending our long-term partnership with RMS we are confident that all our clients will continue to benefit from the high levels of service and solutions we always aim to deliver.”

Michael Steel, general manager, RMS added: “We are delighted to extend and strengthen our work with Ardonagh. Advanced implementation of Risk Modeler can only enhance the speed, precision, and consistency across all risk decisions across the portfolio. As the increased impact from major catastrophic events such as floods and wildfires continues to evolve, brokers and insurers are keen to embrace the latest science and technology to help them better understand the risks and opportunities they face. We’re delighted to help Ardonagh service their clients with distinction.”

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