AIR Worldwide Appoints Bill Churney Chief Operating Officer

BOSTON, July 23, 2013 — Catastrophe modeling firm AIR Worldwide (AIR) has appointed Bill Churney to the position of chief operating officer. Churney will have immediate responsibility for all product management, software product development, global business development, marketing, consulting, and client service activities.

“We’re extremely pleased to welcome Bill Churney to the newly created position of COO to help lead AIR as we continue to experience rapid growth in the global market for catastrophe modeling and related risk management services,” said Ming Lee, CEO of AIR Worldwide. “Bill has been an invaluable member of our team for many years and has shown great leadership skills and a strong dedication to our mission and core values. Our clients will benefit greatly from his contributions to the company in this new role.”

Churney joined AIR in 2002 and most recently served as senior vice president of AIR’s business development and marketing groups. In that role, he was responsible for providing support and service to AIR clients in the insurance, reinsurance, and intermediary markets in the Americas, and he oversaw AIR’s global marketing strategy.

Churney has extensive experience working directly with companies to better understand their catastrophe risk management processes. He has led teams that have significantly expanded AIR’s presence in the U.S. insurance markets and within Latin America.

Before joining AIR, Churney worked in product management and operations management. He holds a B.A. in economics from Haverford College and an M.B.A. from the Tuck School of Business at Dartmouth College.

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, and agricultural risk management. 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.

Release: Immediate

Contact:

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

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