Verisk Analytics, Inc., Acquires Arium
(Thomson Reuters ONE) -
Verisk Analytics, Inc., Acquires Arium
Acquisition extends AIR's modeling solutions beyond property to casualty market
JERSEY CITY, N.J., Jan. 23, 2017 - Verisk Analytics, Inc. (Nasdaq:VRSK), a
leading data analytics provider, today announced it has acquired Arium, an
independent company specializing in liability risk modeling and decision
support. Arium will become part of AIR Worldwide (AIR), a Verisk Analytics
business, and will enable AIR to provide its clients with additional modeling
solutions and analytics for the casualty market.
"The industry has been searching for a platform and methodology to manage the
complete range of its casualty risk," said Bill Churney, president of AIR
Worldwide. "We believe Arium's capabilities will allow us to do for casualty
analytics what we've already done for property analytics, helping insurers and
reinsurers comprehensively manage risk across their portfolios."
"We're excited to join the Verisk Analytics family of businesses and expand
AIR's offerings through our expertise in liability risk," said Robin Wilkinson,
founder and managing director of Arium. "Our casualty analytics platform extends
well beyond product liability, enabling companies to run historical and emerging
scenarios and build their own scenarios across all casualty lines to visualize
how a single event can quickly spill over into other industries and their supply
chains."
"Arium is a valuable addition to the Verisk Analytics family of businesses,
providing critical insurance expertise," added Mark Anquillare, executive vice
president and chief operating officer of Verisk Analytics. "Combined with AIR's
leading models, Arium's solutions will now enable customers to manage their
extreme event risk from both property and casualty catastrophe exposures."
About Arium
Architects for Risk Identification, Understanding, and Management (Arium) was
established in 1998 by Robin Wilkinson, former head of Legal Services at British
Airways. Arium specializes in developing risk models, primarily for the
reinsurance industry, using a unique methodology based on dependency theory. For
more information, please visit www.arium.co.uk/.
About AIR Worldwide
AIR Worldwide (AIR) provides catastrophe risk modeling solutions that make
individuals, businesses, and society more resilient. AIR founded the catastrophe
modeling industry in 1987, and today models the risk from natural catastrophes,
terrorism, cyber attacks, and pandemics globally. Insurance, reinsurance,
financial, corporate, and government clients rely on AIR's advanced science,
software, and consulting services for catastrophe risk management, insurance-
linked securities, site-specific 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.
About Verisk Analytics
Verisk Analytics (Nasdaq:VRSK) is a leading data analytics provider serving
customers in insurance, natural resources, and financial services. Using
advanced technologies to collect and analyze billions of records, Verisk
Analytics draws on unique data assets and deep domain expertise to provide
first-to-market innovations that are integrated into customer workflows. Verisk
offers predictive analytics and decision support solutions to customers in
rating, underwriting, claims, catastrophe and weather risk, global risk
analytics, natural resources intelligence, economic forecasting, and many other
fields. Around the world, Verisk Analytics helps customers protect people,
property, and financial assets.
Headquartered in Jersey City, N.J., Verisk Analytics operates in 23 countries
and is a member of Standard & Poor's S&P 500(®) Index. In 2016, Forbes magazine
named Verisk Analytics to its World's Most Innovative Companies list and to its
America's Best Large Employers list. Verisk is one of only 14 companies to
appear on both lists. For more information, please visit www.verisk.com.
Contact:
Investor Relations
David Cohen
Director, Investor Relations and Strategic Finance
Verisk Analytics, Inc.
201-469-2174
david.e.cohen(at)verisk.com
Media
Rich Tauberman
MWW Group (for Verisk Analytics)
202-600-4546
rtauberman(at)mww.com
Kevin Long
AIR Worldwide
617-267-6645
klong(at)air-worldwide.com
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Verisk Analytics Inc. via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 23.01.2017 - 13:00 Uhr
Sprache: Deutsch
News-ID 519241
Anzahl Zeichen: 5382
contact information:
Town:
Jersey City
Kategorie:
Business News
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