Guy Carpenter Selects Simplitium’s Modex for Catastrophe Risk Modelling
Cinnober’s wholly owned subsidiary Simplitium™ today announce they have signed an agreement with Guy Carpenter & Company, LLC to deliver a dedicated ModEx™ catastrophe risk modelling solution.
ModEx is a fully independent and transparent catastrophe risk modelling platform for the (re)insurance industry, operating on the open source Oasis Loss Modelling Framework (LMF). The platform provides Guy Carpenter with a white-labelled modelling solution for the proprietary and third-party cat models it offers to clients.
Guy Carpenter, a wholly owned subsidiary of Marsh & McLennan Companies (NYSE: MMC), is a leading global risk and reinsurance specialist with over 2,300 professionals in more than 60 offices around the world. The company helps its clients adapt to emerging opportunities and achieve profitable growth through a combination of specialised reinsurance broking expertise, trusted strategic advisory services, and industry-leading analytics.
Jamie Khurshid, CEO of Simplitium, commented: “ModEx both improves the availability of advanced catastrophe risk models and makes it easier for firms to use these models. The agreement with Guy Carpenter is a significant milestone for us and marks the first client using a dedicated and white-labelled ModEx service.”
Read more in the Simplitium press release here.
For further information, please contact:
+44 (0)20 3735 4981
Head of Corporate Communications
Cinnober Financial Technology AB
+46 (0)73403 12 39
Cinnober provides solutions and services to leading trading and clearing venues, including exchanges, clearinghouses, banks and brokers. Cinnober’s solutions are largely based on the TRADExpress™ Platform, incorporating everything needed for mission-critical solutions in terms of performance, robustness and flexibility. The portfolio of offerings includes price discovery and matching, real-time risk management, clearing and settlement, index calculation, data distribution and surveillance.
Cinnober’s customers include the Australian Securities Exchange, B3, Dubai Gold & Commodities Exchange, Euronext, Japan Exchange Group, Johannesburg Stock Exchange, the London Metal Exchange, LME Clear, NYSE and the Stock Exchange of Thailand.
Using its extensive experience in financial technology, Cinnober has broadened its reach through the establishment of highly specialized and competitive subsidiaries. Today, three such subsidiaries exist within trade reporting and transparency, post-trade and client clearing and trade surveillance and analytics.
Cinnober’s shares are traded on the Nasdaq First North exchange and the company’s Certified Advisor is Avanza. For additional information, please visit www.cinnober.com.