"Kamakuras announcement with Markit signals yet another step forward in Kamakuras multiple models approach to credit risk modeling," said Warren Sherman, Kamakura President and Chief Operating Officer. "We believe that our clients need multiple views on the credit worthiness of their counterparties. The credit default swap data from Markit, combined with Kamakuras advanced reduced form and Merton modeling technology, will further enhance the accuracy of our modeling effort and the quality of our clients credit insights."
"Markit is pleased to provide Kamakura Risk Manager with benchmark credit default swap pricing for our mutual customers," said Mark Hunt, Director of Product Development at Markit. "Kamakura has proven ability in the risk management area and its multiple models approach coupled with Markit data will lead to greater accuracy in the short run and constant model improvements in the long run."
