Du är här


AIR Worldwide: Catlin Selects AIR's Touchstone to Better Manage Global Catastrophe Risk

For Immediate Release:

Catlin Selects AIR's Touchstone to Better Manage
Global Catastrophe Risk

BOSTON, May 21, 2014 - Catastrophe modeling firm AIR Worldwide (AIR) today
announced that Catlin Group Limited has added AIR's next-generation
catastrophe risk management platform, Touchstone®, to its suite of licensed
products. Catlin manages Syndicate 2003, the largest syndicate at Lloyd's
with £1.43 billion of capacity (about 8 percent of the Lloyd's market) and a
recognized leader in nearly all classes. AIR is a member of the Verisk
Insurance Solutions group at Verisk Analytics (Nasdaq:VRSK).

"Catlin has long had a deep understanding of the risk we assume through our
involvement in scientific research, such as the Catlin Arctic Survey and the
current Catlin Seaview Survey," said Paul Jardine, COO of Catlin. "We take
such research and associated technology very seriously because we believe
that it empowers our underwriters and leads to better management of our
exposures and capital allocation. After an exhaustive review of AIR's
offerings and particularly their next-generation platform, Touchstone, we
concluded that their commitment to sound science and engineering, reliable
software, and first-class client support fits well with our corporate
objective of expanding in key insurance and reinsurance markets, including
continental Europe, Bermuda, the U.S., and Asia-Pacific."

"We're delighted that, in addition to choosing AIR as their long-term provider
of catastrophe risk management software, Catlin decided to expand its license
to include Touchstone," commented Dr. Milan Simic, senior vice president and
managing director of international operations at AIR Worldwide. "This is yet
another confirmation that AIR is the catastrophe modeling provider of choice
in key insurance and reinsurance markets, and we're extremely pleased that
Catlin will be joining the ever-growing family of Touchstone users in the
London market and internationally."

"The fact that an organization of Catlin's caliber and track record of
investment in research and technology has selected Touchstone is a major vote
of confidence for our approach to model and software development," added Dr.
Simic. "We're already working side by side with Catlin to help roll out our
modeling solutions across its organization, including its global underwriting

About Catlin
Catlin Group Limited, headquartered in Bermuda, is an international specialist
property/casualty insurer and reinsurer that underwrites worldwide through
six underwriting hubs. Catlin shares are traded on the London Stock Exchange
(ticker symbol: CGL). More information about Catlin can be found at

Catlin has established operating hubs in London, Bermuda, the United States,
the Asia-Pacific region, Europe, and Canada. Through these hubs, Catlin works
closely with policyholders and their brokers. The hubs also provide Catlin
with product and geographic diversity. Altogether, Catlin operates more than
50 offices in 25 countries.

Catlin's underwriting units are rated "A" by A.M. Best and Standard&Poor's.

Catlin is the title sponsor of the Catlin Seaview Survey, a major scientific
expedition that is documenting the composition and health of oceans,
particularly coral reefs, around the world. During 2012 the Survey
investigated the Great Barrier Reef off Australia, while during 2013 it
studied coral reefs near Bermuda and in the Caribbean. The 2014 Survey is
focusing on the Coral Triangle in Asia. The impartial scientific data
gathered by the Catlin Seaview Survey is intended to strengthen the
understanding of how changes beneath the oceans' surface are impacting the
rest of our planet. More information is available

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


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


Författare Hugin

Tala om vad ni tycker

Tala om vad ni tycker

Ni är just nu inne på en betaversion av nya aktiespararna. Lämna gärna feedback på vad ni tycker i formuläret nedan.