RMS signs Lloyd’s deal

Lloyd’s syndicates are now able to use the internet to monitor their US hurricane risks on a 24-hour basis as the result of an agreement reached between the Lloyd’s market authorities and the California-based risk modelling company, Risk Management Solutions (RMS). The idea behind the service, RiskOnline.com, is to allow syndicates not only to respond more proactively to potential losses but to underwrite reinsurance and hedge their own risk in real time.