AIR Worldwide Appoints Ashish Belambe as Vice President of Product Management

BOSTON, October 27, 2010 — AIR Worldwide (AIR) today announced that Ashish Belambe has been appointed vice president of Product Management. He joins AIR after four years of senior-level experience with ACE USA, the U.S.-based retail operating division of the ACE Group of Companies. In his new role, he will oversee existing product development, product quality assurance, and new product initiatives at AIR.

“Ashish brings to AIR a unique combination of industry experience and detailed knowledge of catastrophe modeling solutions,” said Uday Virkud, P.E., executive vice president at AIR Worldwide. “He will provide leadership to our product teams and guide AIR’s future product direction to meet the industry’s changing needs.”

Belambe has experience in catastrophe risk management, catastrophe models, insurance and reinsurance programs, product life-cycle management, and database technologies. He has worked globally with catastrophe analysts, managers, chief actuaries, chief underwriting officers, and underwriters. Belambe has also led initiatives on such diverse topics as blended model pricing, exposure data quality, catastrophe modeling standards, and catastrophe price monitoring.

Prior to joining ACE, Belambe served in a variety of capacities at AIR Worldwide on the client services and product management teams. As product manager, Belambe was responsible for managing product enhancements and release cycles for CLASIC/2TM, the application of choice for companies who need to accurately assess risk down to the individual location level.

“I am extremely pleased to rejoin the scientific leader in catastrophe modeling,” said Belambe. “I look forward to using my experience and understanding of the insurance industry to bring catastrophe modeling software to the next level.”

Belambe has B.S. and M.S. degrees in mechanical engineering and is a Chartered Property Casualty Underwriter.

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 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 a member of the ISO family of companies and is headquartered in Boston with additional offices in North America, Europe, and Asia. For more information, please visit www.air-worldwide.com.

Release: Immediate

Kevin Long
AIR Worldwide
617-267-6645
klong@air-worldwide.com

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