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2010 RMS Client Conference Registration is Now Open RMS is hosting the 2010 RMS Client Conference at the Doral Resort & Spa in Miami, Florida. RMS is pleased to invite you to our 2010 Client Conference taking place in Miami, Florida at The Doral Resort & Spa on Tuesday, April 27, 2010 - Friday, April 30, 2010. The conference will open with the welcome reception on the evening of Tuesday, April 27. Conference sessions will commence Wednesday, April 28 and the conference will conclude mid-day Friday, April 30. Don't miss the opportunity to gain insight on major advancements in the science of catastrophe modeling.
Strategies for Managing International Terrorism Risk RMS is pleased to invite you to our European terrorism risk seminar entitled "Strategies for Managing International Terrorism Risk" on Tuesday, April 13, 2010 at Lloyd’s Old Library in London. This complimentary half-day event will provide you with an opportunity to learn about European terrorism threat, strategies being used by market-leading insurers to manage terrorism risk, and the expansion of the RMS Terrorism Model to major cities in Europe.
Chile Earthquake Magnitude 8.8 A powerful magnitude 8.8 earthquake occurred offshore Maule, Chile on Saturday, February 27. The USGS released a preliminary epicenter location around 200 miles southwest of Santiago, Chile. This earthquake occurred along the subduction zone between the Nazca and South American tectonic plates. According to a preliminary USGS analysis, the earthquake ruptured a portion of the fault some 300 miles in length. In addition, it appears that the highest slip was concentrated along a 190 mile section of the fault, and the rupture extended to almost 30 miles in depth.
RMS Releases Miu Upgrade RMS has released an upgrade to its portfolio management software, Miu. The Miu Platform is a complete solution to measure and manage the risk of insurance-linked securities. It provides open access to state-of-the-art RMS analytics for specialist investors in the ILS market. This upgrade incorporates a variety of new features and enhanced functionality including detailed transaction information, advanced scenario modeling and increased reporting capabilities featuring sub-regional loss breakdowns.
RMS Climate Change Research and the IPCC Recently, RMS research and its use in a report by the Intergovernmental Panel on Climate Change (IPCC) has been the focus of a number of media articles. RMS has prepared a set of frequently asked questions to clarify a number of issues related to the IPCC report, and the linkage between climate change and disaster losses.
First Parametric Industry Loss Index Developed for U.S. Earthquake Risks A new parametric index was released by RMS for estimating insured industry losses from U.S. earthquakes, complementing its existing suite of indices for U.S. hurricanes and Europe windstorms. Paradex U.S. Earthquake combines ground shaking data from U.S. Geological Survey (USGS) ShakeMaps with industry exposure data to calculate insured loss estimates, which can be used to structure and monitor catastrophe bonds, industry loss warranties, and derivative contracts.
RMS Performs Analysis for Catastrophe Bond Covering H1N1 Flu Pandemic RMS has conducted the expert risk analysis for an innovative new catastrophe bond providing Swiss Reinsurance Company Ltd with $75 million of coverage against higher-than-expected mortality rates in the U.S. and U.K. until the end of 2013. This is the first time an excess mortality securitization has been structured using a probabilistic catastrophe model rather than simply relying on historical data and is unique in covering an existing event ― the H1N1 flu pandemic ― that already poses an insurance risk.
Haiti Earthquake Magnitude 7.0 A shallow, powerful, moment magnitude 7.0 earthquake struck south Haiti, 10 miles from the capital city of Port-Au-Prince on Tuesday, 12 January. The event was most likely a strike-slip on the Enriquillo Fault, which the USGS estimates occurred at a depth of 6 miles. At least three aftershocks greater than magnitude 5.0 occurred in the hours immediately following the main shock. There are initial reports of widespread damage and thousands of fatalities in Haiti. “Around Port-au-Prince there’s a striking contrast of high-end properties and shanty housing extending up the hillsides, with no building regulations in force to protect against earthquake damage,” said Neena Saith, senior catastrophe response manager at RMS.
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