First marine cat model due in May: RMS

RMS is set to unveil the insurance industry's first marine
cargo and specie catastrophe model in May this year following
collaboration with a number of carriers.In an announcement today (31 March) the modelling company said that
it had developed the model in partnership with Chubb, Aon Benfield,
Axis, Liberty, MS Amlin, Munich Re and Sompo Canopius.The development partners will get first access to the RMS Marine
Cargo Model.Chris Folkman, director of product management at RMS, said that...