AIR Worldwide Expands India Office to Accommodate Rapid Growth

BOSTON, Sept. 7, 2006 — AIR Worldwide Corporation (AIR) announces a move to new office facilities in Hyderabad, India, that will enable the continued growth of the company. AIR Information Technology (AIT), a subsidiary of AIR, has doubled its office space to accommodate a significant planned increase in the size of its workforce. AIT’s mission includes research and analysis for AIR’s catastrophe models, software development, and client support.

“As we continue to grow to meet the evolving needs of our clients, expansion in Hyderabad is essential,” said Karen Clark, president and CEO of AIR who was at the office to mark the occasion. “Our largest office outside of Boston, Hyderabad provides AIR with mission-critical support in all phases of our model and software development. Hyderabad will also be taking a larger role in client service and support in the future, particularly for our clients in Asia.”

In addition to model and software development, AIR’s Hyderabad office conducts a number of important support functions for AIR. These include quality assurance, geographical information systems support, and documentation. AIT is seeking qualified candidates for a range of positions. See the careers page at www.air-worldwide.com for more information.

The new office is located at 6-3-569/2, 3rd Floor, Rockdale, Somajiguda, Hyderabad - 500 082. The phone number is +91 40 6666 3300.

About AIR Worldwide Corporation
AIR Worldwide Corporation (AIR) is a leading risk modeling company helping clients manage the financial impact of catastrophes and weather. Utilizing the latest science and technology, AIR models natural catastrophes in more than 40 countries and the risk from terrorism in the United States. Other areas of expertise include site-specific seismic engineering analysis, catastrophe bonds, and property replacement cost valuation. An ISO business, AIR was founded in 1987 to provide its insurance, reinsurance, corporate, and government clients a complete line of risk modeling software and consulting services that produce consistent and reliable results. Headquartered in Boston, AIR has additional offices in North America, Europe, and Asia. For more information, please visit www.air-worldwide.com.

About ISO
ISO is a leading provider of products and services that help measure, manage and reduce risk. ISO provides data, analytics and decision-support solutions to professionals in many fields, including insurance, finance, real estate, health services, government and human resources. Clients use ISO’s databases and services to classify and evaluate a variety of risks and detect potential fraud. In the United States and around the world, ISO’s services help customers protect people, property and financial assets.

Release: Immediate

Contacts:
Giuseppe Barone / Erica Helton
MWW Group (for ISO)
201-507-9500
gbarone@mww.com / ehelton@mww.com

Michael Gannon
AIR Worldwide Corporation
617-267-6645

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