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(AS OF WEDNESDAY, January 24, 2007 at 4:30pm Eastern Time)

EQECAT Estimates Insured Losses From European Winter Storm Kyrill
Insured Losses Could Range From 2.5 Billion Euros To 5 Billion Euros

Oakland, California

EQECAT, Inc., Oakland, Calif., the leading authority on extreme risk modeling, Wednesday afternoon (Eastern time), said, based on its simulation of last week’s European winter storm Kyrill, including currently available information provided by several European meteorological services, initial estimated insured losses in Western Europe range from about 2. 5 billion euros to about 5 billion euros.

Based upon available data, Germany is expected to be the largest contributor to the losses from this event, EQECAT said.

EQECAT said a loss of the estimated severity constitutes a European market loss with a recurrence interval of approximately 7 years to 10 years.

EQECAT will continue to monitor storm information as it becomes available. Representatives of EQECAT are available to provide commentary regarding damage assessments related to this storm. For additional information, please contact Eric Samansky, The Samansky Group, at 631-424-1972.

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 ABSG Consulting Inc. (“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