JERSEY CITY, N.J., Oct. 13, 2009 (GLOBE NEWSWIRE) -- Verisk Analytics subsidiary AIR Worldwide, a leading provider of catastrophe risk modeling and analytical services, was named the Professional Service Provider of the Year at the 2009 Worldwide Reinsurance Awards. The Professional Service Provider of the Year Award recognizes excellence in professional services provided to insurers and reinsurers. It is given to the company that demonstrates the most constructive contribution to efficiency and effectiveness in the financing of insurable risk.
A distinguished judging panel of industry leaders selected AIR for the award after reviewing hundreds of nominations and narrowing down contenders to the leading performers in the industry.
"The Worldwide Reinsurance Awards is internationally recognized by the reinsurance industry. These accolades demonstrate AIR's dedication to providing exemplary services to companies, particularly in the insurance-linked securities market," said Greg Dobie, editor of The Review. "Congratulations to AIR Worldwide for their outstanding achievements and continued innovation in developing new product and services for managing catastrophe risk."
"AIR is dedicated to building lasting relationships with our clients and working with them to achieve sustained financial success," said Ming Lee, president and CEO of AIR Worldwide. "We are honored to be recognized by The Worldwide Reinsurance Awards for our passion in providing the highest levels of service to our clients."
Earlier in 2009, AIR Worldwide was named Advisor of the Year by Trading Risk magazine. The Adviser of the Year Award recognizes excellence and achievement in the insurance-linked capital markets sector.
About AIR Worldwide
AIR Worldwide (AIR), a subsidiary of Verisk Analytics, 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 50 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, agricultural risk management, and property replacement cost valuation. AIR 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 provider of risk assessment solutions to professionals in insurance, healthcare, mortgage lending, government, risk management, and human resources. Verisk Analytics includes the holdings of Insurance Services Office, Inc. (ISO) and its subsidiaries, which provide essential solutions to the insurance, mortgage lending, and healthcare markets. For more information, visit www.verisk.com.
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