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Article: AIR Worldwide Provides Risk Modeling and Analytical Services for $2 Billion in Catastrophe Bonds to Date in 2008.
- Article from:
- Business Wire
- Article date:
- September 24, 2008
CopyrightCOPYRIGHT 2008 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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BOSTON -- AIR Worldwide Corporation (AIR) today announced that it has provided risk modeling and analytical services for 2 billion dollars in insurance-linked securities to date this year, or nearly 70% of 2008 new issuances.
"The investor base is expanding for insurance-linked securities, increasing the market appetite for deals covering a broad range of regions, perils as well as structures," said David Lalonde, senior vice president at AIR Worldwide. "With models covering more than 50 countries worldwide and experience working with all types of bonds, AIR continues to be the modeler of choice for companies pursuing potential securitization options."
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