Barents Re adopts Moody’s RMS models for expanding property portfolio
Barents Reinsurance SA, part of the Barents Re Group, has entered into a multi-year agreement with global catastrophe risk modeling company Moody’s RMS, as it looks to expand its property portfolio.
Moody’s RMS will provide natural catastrophe modeling services for Barents Reinsurance SA's property portfolio. Data enhancement and modeling will be executed by Moody’s RMS Analytical Services team to cover multiple perils including Europe earthquakes, windstorm, floods, and severe convective storms.
Exposure management analysis will be managed through the ExposureIQ application on the Moody’s RMS Intelligent Risk Platform.
Bruce Rodger, CUO, London market facultative business at Barents Reinsurance SA, said: “Barents Reinsurance SA is well known for its work in specialty reinsurance products and the expertise of our underwriting teams. We see our property portfolio as a solid growth area for this business and this agreement will help us support our clients as we continue to expand our property portfolio.”
“Barents Reinsurance SA is committed to providing the highest level of service to its clients and brokers. With this new agreement working with Moody’s RMS and their Analytical Services team, we aim to continue to deliver enhanced insights, analysis, and opportunities to all our clients.”
Jason Futers, managing director, Moody’s RMS, said: “We are pleased to be working with Barents Reinsurance SA at this exciting time for their business. Risk is becoming increasingly complex, especially around property. Companies that can utilise science and technology to better understand these risks are able to make better-informed risk decisions.”
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