BOSTON, March 20, 2012 — AIR Worldwide (AIR) today announced that John Elbl has been appointed vice president in AIR’s Business Development Group. He joins AIR after 13 years with Zurich Insurance Company, most recently as global head of catastrophe modeling. In his new role, Elbl will assist with service and support for AIR’s commercial insurer clients, as well as aid in developing AIR software and models to better meet the needs of commercial insurers.
“John brings extensive experience working with companies to interpret analysis results, optimize modeling workflows, and improve overall catastrophe risk management,” said Bill Churney, senior vice president at AIR Worldwide. “He brings tremendous industry expertise in modeling of commercial and industrial risks, which will benefit our rapidly expanding set of commercial insurer clients.”
AIR continues to invest significant resources in expanding the scope of its catastrophe models for commercial risks. Recently enhanced capabilities include a component-based approach to help companies better assess the catastrophe risk to industrial facilities and an updated financial module to more accurately reflect commercial risks. AIR is currently working with companies that represent almost half of total commercial premiums in the United States and is committed to growing that number in 2012.
“I’m extremely pleased to join the best-in-class provider of flexible and intuitive catastrophe modeling solutions,” said Elbl. “I look forward to using my experience and understanding of the commercial insurance industry to further improve our models and software to better meet the needs of insurers of complex commercial risks.”
Mr. Elbl holds an M.S. in applied mathematics from the University of Illinois in Urbana-Champaign and a B.S. in mathematics from Kansas State University.
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, agricultural risk management, and property replacement-cost valuation. AIR is a member of the Verisk Insurance Solutions group at Verisk Analytics (Nasdaq:VRSK) and is headquartered in Boston with additional offices in North America, Europe, and Asia. For more information, please visit www.air-worldwide.com.