NU Online News Service, June 18, 1:32 p.m. EDT
Insurers in the United Kingdom may be hit with significant capital-requirement increases due to RMS version 11 catastrophe model, says Willis Re.
RMS' U.K. windstorm and storm surge losses have increased following a combination of more small- and midsize events, a greater propensity for clustered losses, and vulnerability across all lines of business, Willis says.
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