Bermuda-based Montpelier Reinsurance Ltd. is launching a virtual risk institute that will harness the capabilities of scientists and insurance specialists to target new methods for quantifying risk.Partnering with Montpelier Re to create Montpelier Risk Institute are the University of Western Ontario, the affiliated Institute for Catastrophic Research in Ontario, Canada, and several private research institutions in Europe.Gero Michel, chief risk officer and head of risk analytics at Montpelier Re, will lead a steering committee that will oversee the new institute.Michel, in a statement, said t...
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