RMS supports China Re’s expansion into Lloyd’s
Catastrophe risk management firm RMS has expanded its partnership with China Re to support the reinsurer’s investment into Lloyd’s.
Through the agreement, RMS models will support China Re’s Syndicate 2088, the first Chinese direct investment into Lloyd’s, enabling China Re to use robust in-house model coverage to write open market business in Europe for the first time.
“China Re has used RMS modeling to support our international business development since 2012 and we are pleased to use RMS technology to improve our business, bringing our relationship with RMS from Beijing to London,” said Dr. Zuo Huiqiang, head of actuary and risk management in China Re “China Re is committed to Lloyd’s, both in business locations and model convergence, as well as to our objective of building Syndicate 2088 and becoming a major player in the international reinsurance market.”
Wen Chen, director, Asia Pacific at RMS, added: “We are delighted with China Re’s decision to use RMS as the sole risk model provider supporting their international business development as they move to London. The agreement is a milestone not only for RMS’s expansion in China, but also for a more diversified and internationalized Lloyd’s.”
Already registered?
Login to your account
If you don't have a login or your access has expired, you will need to purchase a subscription to gain access to this article, including all our online content.
For more information on individual annual subscriptions for full paid access and corporate subscription options please contact us.
To request a FREE 2-week trial subscription, please signup.
NOTE - this can take up to 48hrs to be approved.
For multi-user price options, or to check if your company has an existing subscription that we can add you to for FREE, please email Elliot Field at efield@newtonmedia.co.uk or Adrian Tapping at atapping@newtonmedia.co.uk
Editor's picks
Editor's picks
More articles
Intelligent Insurer
Newton Media Ltd
Kingfisher House
21-23 Elmfield Road
BR1 1LT
United Kingdom