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EQECAT Convenes Catastrophe Management Client-Meeting To Explore “Future Of Cat Modeling"

New York Session Part Of 2005 Regional Meeting Series

New York, New York, May 18, 2005

EQECAT, Inc., the authority on extreme-risk modeling, today convened, in New York City, the second in its series of regional 2005 Catastrophe Management client-meetings.

The two-day meeting will focus on “the future of cat modeling;” the benefits of EQECAT’s updated catastrophe models, which are part of its highly regarded WORLDCATenterprise™ platform; and a variety of other manmade and natural hazards, which are top-line issues of insurance and reinsurance companies in the United States and abroad.

Speakers at the New York conference will review some of 2004’s natural catastrophes and how characteristics of those events are considered in EQECAT’s updated U.S. hurricane model, which will be released this summer. Presentations also will focus on EQECAT’s updated U.S. earthquake model, which also will be released this summer. “The earthquake model is the only one in the industry considered ‘state-of-the-art’ by the California Earthquake Authority, said Tom Larsen, senior vice president of EQECAT.

Other presentations and discussions at the New York meeting will focus on:

• advanced portfolio technologies;

• improving business efficiency through integrated catastrophe models;

• EQECAT’s hurricane, flood and tornado models;

• spanning the capital and indemnity marketplace;

• options for managing terrorism risk exposures; and,

• advances in EQECAT’s integrated solution for catastrophe modeling (XML Implementation).

Additional Regional Client-Meeting Scheduled In Bermuda

Another regional client-meeting is scheduled for Bermuda, June 22 - June 23. The previous meeting in the series, in Dublin, Ireland, earlier this month, focused on managing extreme risk in an uncertain world, and the innovative strategies, and solutions available to help insurers improve business results.

For additional information about the Bermuda meeting, please visit www.eqecat.com.

EQECAT Serves Global Clients Through Extensive WORLDCATenterprise™

Through its user-friendly, extreme-risk modeling software, WORLDCATenterprise™, EQECAT enables clients to assess and manage potential damage and loss from wind, earthquakes, flood, wildfire, and terrorism, among other perils. WORLDCATenterprise™ includes 167 natural hazard software models for 88 countries spanning six continents.

EQECAT, and its parent ABS Consulting, serve the global property and casualty insurance industry, major multinational corporations and financial institutions. EQECAT is known as the technical leader and innovator in the development of analysis tools and methodologies to quantify insurers and major corporations’ exposure to natural and man-made catastrophic risk.

EQECAT was founded in 1994 and is headquartered in Oakland, California. For additional information, please log on to www.absconsulting.com, or www.EQECAT.com.

For more information, contact:

Thomas Larsen
EQECAT, Inc.
1-510-817-3100 | tlarsen@absconsulting.com

Eric R. Samansky
The Samansky Group
1-516-319-0858 | eric@samanskygroup.com