Howden Re and Howden Iberia have been appointed to deliver natural catastrophe modelling for Spain’s Consorcio de Compensación de Seguros.

The engagement will see Howden provide advanced valuation and probable maximum loss estimates for the state-managed pool across flood, earthquake, storm and volcanic eruption perils, as well as combined multi-peril scenarios. Modelling will be carried out across 50, 100, 200 and 500-year return periods.

David Santos, managing director, Howden Re Iberia, said: “We are very proud of having the opportunity to work with Consorcio to model its nat cat exposure. This shows the strength and breadth of expertise of the Howden Group analytical services."

Tim Edwards, head of analytics, Howden Re International, added: “At Howden, we are proud to bring together our global analytical expertise with deep local market understanding. Our work with CCS reflects the calibre of Howden Re’s global analytics platform. By combining advanced modelling science with practical reinsurance insight, we are helping one of Europe’s most respected public insurance institutions better understand and manage its catastrophe risk.”

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