Ardonagh Specialty partners with RMS for risk modeling services

Ardonagh Specialty, a subsidiary of the Ardonagh Group, has entered into an agreement with Risk Management Solutions (RMS), a Moody’s Analytics company that provides risk modeling services, to broaden Ardonagh Specialty’s adoption of the RMS Intelligent Risk Platform.

Ardonagh Specialty will also bolster its risk modeling and advisory capabilities using the RMS U.S. Flood HD Model and the RMS U.S. Wildfire HD Model.

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

“It has always been important to us that Ardonagh Specialty strives to offer increased value to our clients,” said Antony Erotocritou, CEO of Ardonagh Specialty. “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.”

Read next: Ardonagh Specialty appoints North American reinsurance team

“We are delighted to extend and strengthen our work with Ardonagh,” said Michael Steel, general manager of RMS. “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.”