AIR Worldwide Picks Up Cat Modeling Client
The Navigators Group plans to test the models with an international array of catastrophe risk needs.
Virtual Water Cooler, November 14, 2012
AIR Worldwide (AIR) today announced that The Navigators Group, an international commercial property/casualty specialty insurance holding company, has selected AIR’s CLASIC/2 and CATRADER catastrophe modeling solutions to manage its global catastrophe risk.
The Navigators Group will leverage AIR’s catastrophe models to assess risk from wind, flood and earthquake for their exposures in North America, Latin America, Europe and Japan.
“Navigators writes a specialized book of business, and we felt that AIR’s framework for modeling our insurance and reinsurance business was a strong fit,” said Ron Nash, group aggregation manager at The Navigators Group.
According to AIR, its catastrophe risk management solutions are designed to enable companies to assess catastrophe loss potential from the portfolio level down to the individual location level. AIR’s innovative catastrophe models incorporate advances in science and engineering to provide a comprehensive view of risk.
“AIR offers reliable and market-leading catastrophe models with the geographic and peril coverage that The Navigators Group requires for their specialty lines of insurance and reinsurance,” said Bill Churney, SVP at AIR Worldwide.
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