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Article: A.M. Best Company and Paragon Reinsurance Risk Management Services to Create Industry-Wide Catastrophe Exposure Database.
- Article from:
- PR Newswire
- Article date:
- February 26, 1999
CopyrightCOPYRIGHT 1999 PR Newswire Association LLC. 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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OLDWICK, N.J. and MINNEAPOLIS, Feb. 26 /PRNewswire/ -- A.M. Best Co. today announced that it has entered an agreement with Paragon Reinsurance Risk Management Services, Inc. to develop a comprehensive database of insurers' catastrophe exposures.
Under the agreement, Paragon -- an independent subsidiary of E.W. Blanch Holdings, Inc., (NYSE: EWB) Dallas, TX -- will provide A.M. Best with an integrated set of catastrophe modeling services to create the database.
"Natural catastrophes have caused large insurance industry losses in recent years," said Eric M. Simpson, Senior Vice President of A.M. Best. "The traditional techniques of using market share and ...