AIR Worldwide CEO Ming Lee Named Honoree of the Year by The Chinese American Insurance Association

BOSTON, March 14, 2013 — Catastrophe modeling firm AIR Worldwide today announced that AIR President and CEO S. Ming Lee was named Honoree of the Year by The Chinese American Insurance Association (CAIA) at the 22nd Annual Chinese New Year Banquet.

CAIA President Richard Hsia stated, “It is with pride and pleasure that The Chinese American Insurance Association honors Ming Lee, President and CEO of AIR Worldwide, celebrating the Year of the Snake, a symbol of graceful sophistication, keen intelligence, great charm, deep wisdom, creative problem solving, abiding conscience, and excellence in doing business. Global leaders in understanding and quantifying risk, Ming Lee and AIR Worldwide are renowned for unique comprehension of catastrophes that impact our planet, including natural disasters such as Superstorm Sandy.”

The CAIA is dedicated to promoting the interests and concerns of Chinese American insurance professionals. The association, led by a group of experienced professionals with diverse insurance backgrounds, boasts a 700-plus membership from many well-established insurance companies, brokerages, and other firms based primarily in the northeast region of the United States.

“It is a great honor to be recognized by such a respected group of business leaders,” said Mr. Lee. “I firmly believe in the CAIA’s mission to strengthen ties between the insurance industry and Chinese Americans by educating the Chinese American community about the importance of insurance. Our mission at AIR is similar: to educate stakeholders worldwide about the importance of effective catastrophe risk management.”

The CAIA Board of Directors nominates and selects their honoree based on the following criteria: commitment to promoting the interests and concerns of Chinese American insurance professionals; leadership in the insurance industry; and individual achievements and contributions to the insurance industry as a whole.

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.

About The Chinese American Insurance Association
Established in 1990 in Greater New York, The Chinese American Insurance Association is a nonprofit organization dedicated to advancing the interests and concerns of Chinese American insurance professionals.

Release: Immediate

Contact:

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

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