AIR Worldwide Provides Risk Modeling for More than $25 Billion in Total Catastrophe Bond Issuance

MONTE CARLO, Monaco & BOSTON, Sept. 9, 2013 – AIR Worldwide (AIR) today announced it has provided risk modeling and analytical services for more than $25 billion in total catastrophe bond issuance, encompassing more than 115 transactions since the market’s inception in 1996. Since the start of 2009, AIR has modeled more than $15 billion in catastrophe bond issuance, including 17 of the 22 property-based bonds issued to date in 2013. AIR’s strong presence in the catastrophe bond space this year follows an equally active 2012, when AIR was selected…

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Risk modeler Eqecat makes vital revisions to its hurricane, earthquake and typhoon models

Worldwide risk and catastrophe modeling firm Eqecat is preparing to release three major revisions to its Worldcatenterprise 3.16 platform. The firm will be updating its existing North Atlantic hurricane, Canadian earthquake and Asian typhoon models. Eqecat is one of many companies in the catastrophe modeling industry that have been making revision to their models recently. The upheaval will have a somewhat dramatic effect on insurance companies and their rates, as these companies rely heavily on risk models to calculate the cost of coverage. The updates will make Eqecat’s catastrophe models…

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