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2014-04-14

AIR Worldwide: AIR Worldwide Appoints Dr. Jayanta Guin Executive Vice President

For Immediate Release:

AIR Worldwide Appoints Dr. Jayanta Guin Executive Vice President

Under Dr. Guin's Leadership, AIR Remains Committed to Delivering the Most
Scientifically Advanced Models in the Industry

BOSTON, April 14, 2014 - Catastrophe modeling firm AIR Worldwide (AIR) today
announced that Dr. Jayanta Guin has been appointed executive vice president.
In his new role, Dr. Guin will continue to direct AIR's innovative research
program as well as assist with strategic management of AIR's overall business
strategy and new initiatives. Dr. Guin will also lead research and model
development efforts for emerging risks across the globe, such as excess
mortality, and oversee an enhanced analytical framework for a new generation
of catastrophe models. AIR is a member of the Verisk Insurance Solutions
group at Verisk Analytics (Nasdaq:VRSK).

"In my new role, I will remain focused on what is most important to our
clients - delivering the most scientifically advanced, reliable, and stable
models in the industry and providing technology that empowers them to own the
risk," said Dr. Guin. "We are ahead of the curve with the release of our
software platform, Touchstone®, and 60 companies are already experiencing the
benefits of it, with many more in the queue. We will continue to set
ourselves apart by delivering the most robust models combined with a broader
suite of data and analytics, such as noncatastrophe losses, into one workflow
by leveraging the many data assets from our parent company, Verisk
Analytics."

In addition to the continued and rapid development of Touchstone, there are
many model initiatives under way, including the industry's first fully
probabilistic and detailed inland flood model for the United States, which
will be released this summer. AIR's state-of-the-art model will answer the
risk pricing and management needs of both the insurance industry and
government for more detailed flood modeling.

"We are very excited to have Jay continue to lead our model development
efforts as we set the standard for delivering the industry's most advanced
models," said Ming Lee, president and CEO of AIR Worldwide. "We realize that
it is our modeling expertise that companies value most highly, and we will
never lose sight of our core value as a catastrophe modeling company.
Moreover, we greatly value Jay's key insights that inform our business
strategy."

About AIR Worldwide
AIR Worldwide (AIR) is the scientific leader and most respected provider of
risk modeling software and consulting services. AIR founded the catastrophe
modeling industry in 1987 and today models the risk from natural catastrophes
and terrorism in more than 90 countries. More than 400 insurance,
reinsurance, financial, corporate, and government clients rely on AIR
software and services for catastrophe risk management, insurance-linked
securities, detailed site-specific wind and seismic engineering analyses, and
agricultural risk management. AIR is a member of the Verisk Insurance
Solutions group at Verisk Analytics (Nasdaq:VRSK) and is headquartered in
Boston with additional offices in North America, Europe, and Asia. For more
information, please visitwww.air-worldwide.com.

###

For more information, contact:
Kevin Long
AIR Worldwide
+1-617-267-6645
klong@air-worldwide.com

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: AIR Worldwide via Globenewswire

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