Eqecat Signs Fermat Capital Management

The new agreement will last three years, and takes advantage of recent updates to RQE, the latest iteration of which was released in January.

"RQE represents a breakthrough in granularity and transparency, and in this multi-model catastrophe market, greater model insight is an important differentiating factor for insurers, reinsurers, and ILS managers alike. We would expect every catastrophe risk manager with a significant risk book to give RQE a serious evaluation and many to license it after seeing what it can do,"  says John Seo, co-founder and managing principal at Fermat Capital.

The move comes as buy sides increasingly invest in ILS products such as catastrophe bonds, as well as the analytical platforms designed to manage them.