Risk Management Solutions (RMS) in Newark, Calif., said today that its RiskLink catastrophe modeling software has been licensed by Lloyd's. No terms were announced.
Sarah Smith, a spokeswoman in London for the catastrophe risk management firm, said the system will be used by the Loss Modeling team within Lloyd's franchise performance directorate.
RMS said it now has relationships with 18 of the 20 largest Lloyd's managing agents and its modeling software is used by 25 of Lloyd's managing agents representing over 80 percent of the total Lloyd's market capacity.
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