Nephila Licenses Touchstone for More Detailed Analytics
(Thomson Reuters ONE) -
For Immediate Release:
Nephila Licenses Touchstone for More Detailed Analytics
BOSTON, July 6, 2015 - Catastrophe modeling firm AIR Worldwide (AIR) today
announced that Nephila Holdings Limited ("Nephila"), a leading investment
management platform focused on natural catastrophe and weather risk, has
licensed Touchstone(® )to meet its need for deeper and more detailed analytics.
AIR Worldwide is a Verisk Analytics (Nasdaq:VRSK) business.
"We're expanding our long-standing relationship with AIR in light of their
proven ability to deliver scientifically advanced catastrophe models combined
with cutting-edge technology - a platform that supports our growing operations,"
said Simon Storey, chief technology officer, Nephila. "The instruments in which
we invest have evolved and broadened over time, along with investors' risk
appetite. We currently manage multiple investment vehicles for sophisticated
institutional investors, and Touchstone allows us to perform detailed loss
analysis of those exposures."
Through Touchstone, granular policy-level exposures can be analyzed to provide
richer, more robust insight into the drivers of risk. In addition to catastrophe
loss analytics, Nephila will license the Touchstone platform's data quality
tools, hazard analytics, and geospatial module, which offers rich GIS
visualizations of hazard, exposure, and loss.
"We're pleased that Nephila is expanding their relationship with AIR as they
continue to perform more detailed analytics globally," said Bill Churney, chief
operating officer, AIR Worldwide. "We offer companies like Nephila robust tools
and the latest data to assess the risk associated with the widest range of
financial instruments more easily and accurately. We look forward to continuing
to collaborate with them by delivering the most comprehensive catastrophe
modeling solution on the market."
About Nephila
Nephila Capital Ltd. is a leading investment manager specializing in reinsurance
risk. Nephila offers a broad range of investment products focusing on
instruments such as insurance-linked securities, catastrophe bonds, and weather
derivatives.
Nephila has assets under management of approximately $9 billion as of January
1, 2015, and has been managing institutional assets in this space since it was
founded in 1998. The firm has over 80 employees based in Bermuda, San Francisco,
Nashville, and London. Further information can be found at www.nephila.com.
About AIR Worldwide
AIR Worldwide (AIR) is the scientific leader and most respected provider of risk
modeling software and consulting services. AIR founded the catastrophe modeling
industry in 1987 and today models the risk from natural catastrophes and
terrorism in more than 90 countries. More than 400 insurance, reinsurance,
financial, corporate, and government clients rely on AIR software and services
for catastrophe risk management, insurance-linked securities, detailed site-
specific wind and seismic engineering analyses, and agricultural risk
management. AIR Worldwide, a Verisk Analytics (Nasdaq:VRSK) business, is
headquartered in Boston with additional offices in North America, Europe, and
Asia. For more information, please visit www.air-worldwide.com.
###
For more information, contact:
Kevin Long
AIR Worldwide
+1-617-267-6645
klong(at)air-worldwide.com
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: AIR Worldwide via GlobeNewswire
[HUG#1933844]
Unternehmensinformation / Kurzprofil:
Datum: 06.07.2015 - 11:22 Uhr
Sprache: Deutsch
News-ID 404779
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contact information:
Town:
Boston
Kategorie:
Business News
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