Insurance Industry Continues to Select Verisk''s AIR as its Modeler of Choice for Catastrophe Risk Management, Including Class of 2020
Boston, May 20, 2021 (GLOBE NEWSWIRE) -- Catastrophe modeling firm AIR Worldwide announced that newly established international insurance and reinsurance companies from the "Class of 2020," have selected AIR as their modeler of choice to help manage their catastrophe risk. The so-called Class of 2020 is a group of insurance, reinsurance and specialty companies formed in 2020, including Conduit Re, Core Specialty, Inigo Ltd, Integral ILS Ltd, and Vantage Risk. AIR Worldwide is a Verisk (NASDAQ: VRSK ) business. "As a pure play global reinsurance business with an ambition to write a profitable and well-diversified book of business, it was important for us to find a modeler who understood our needs and was able to offer sophisticated yet easy to use solutions to help manage our growing reinsurance portfolio," said Trevor Carvey, CEO of Conduit Re. "With this in mind, we selected AIR because of their commitment to providing the best in class catastrophe models coupled with cutting edge software technology, which was easily integrated into our underwriting platform and workflow." "As a new insurer focused on the Lloyd''s market, we determined very quickly that AIR''s models and software were able to provide solutions for all of our key specialty lines, including reinsurance and property insurance, and also provide in short order a valuable portfolio roll-up capability," said Russell
Insurance Industry Continues to Select Verisk''s AIR as its Modeler of Choice for Catastrophe Risk Management, Including Class of 2020
Boston, May 20, 2021 (GLOBE NEWSWIRE) -- Catastrophe modeling firm AIR Worldwide announced that newly established international insurance and reinsurance companies from the "Class of 2020," have selected AIR as their modeler of choice to help manage their catastrophe risk. The so-called Class of 2020 is a group of insurance, reinsurance and specialty companies formed in 2020, including Conduit Re, Core Specialty, Inigo Ltd, Integral ILS Ltd, and Vantage Risk. AIR Worldwide is a Verisk (NASDAQ: VRSK ) business. "As a pure play global reinsurance business with an ambition to write a profitable and well-diversified book of business, it was important for us to find a modeler who understood our needs and was able to offer sophisticated yet easy to use solutions to help manage our growing reinsurance portfolio," said Trevor Carvey, CEO of Conduit Re. "With this in mind, we selected AIR because of their commitment to providing the best in class catastrophe models coupled with cutting edge software technology, which was easily integrated into our underwriting platform and workflow." "As a new insurer focused on the Lloyd''s market, we determined very quickly that AIR''s models and software were able to provide solutions for all of our key specialty lines, including reinsurance and property insurance, and also provide in short order a valuable portfolio roll-up capability," said Russell