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Article: AIR Provides Risk Modeling and Analytical Services for Over 80% of Catastrophe Bonds Issued to Date in 2009.
- Article from:
- Insurance Weekly News
- Article date:
- November 13, 2009
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AIR Worldwide Corporation (AIR) announced that it has provided risk modeling and analytical services for over 80% of the $2.1 billion of catastrophe bonds issued to date in 2009. AIR has been the modeling and calculation agent for many significant ILS transactions this year, including the groundbreaking "MultiCat Mexico 2009 Ltd.," a partnership between the World Bank and Mexico to help manage catastrophe risk from multiple perils more effectively.
"We are very pleased with the success of the MultiCat Mexico 2009 transaction which rightly rewards an extensive and thorough technical preparation," said Ivan Zelenko, Head of Derivatives and Structured Finance, the ...