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EQECAT in the news during 2013 - select interviews and mentions:
May 24, 2013
Up To $1.5B in Insured Losses From Isaac
Larsen speaks on Fox Business Television's "Markets Now"
Tom Larsen, senior vice president at risk-modeling firm EQECAT, Inc., talks about the frequency, severity, and impact of the spring tornadoes.
May 30, 2013
RMS, EQECAT Sign Data Standardization Agreement
"We are pleased to enter into this agreement, which will improve the translation of data model inputs. Workflow inefficiencies of moving and translating exposure between models is a time-consuming exercise, and this collaboration is going to save many man hours," says Paul Little, EQECAT's president.
May 24, 2013
EQECAT: $2Bn to $5Bn insured losses from recent tornado events, including Oklahoma
This estimate is firmly inline with other suggestions from analysts (who said insured losses would be above $2 billion) and reinsurers (who said below $5 billion), as well as with the expectation that the Moore tornado alone could become the largest single tornado loss event, with a higher insured loss than 2011′s Joplin tornado.
May 24, 2013
EQECAT: US tornadoes to cost insurers up to $5bn
Insured property losses from the recent US tornadoes will be between $2bn and $5bn (between £1.3bn and £3.3bn), according to estimates by risk modelling firm EQECAT.
May 8, 2013
ILS investment manager Fermat Capital signs up to use EQECAT's RQE™ Version 13
“EQECAT’s new RQE platform combines many desirable features from across all commercial modeling platforms,” commented John Seo, co-founder and managing principal of Fermat Capital. “RQE represents a breakthrough in granularity and transparency. In this multi-model catastrophe market, greater model insight is an important differentiating factor for insurers, reinsurers, and ILS managers alike."
April 29, 2013
Catastrophe Risk Model Roundtable
Catastrophe risk modelling is in a period of transition: regulators expect underwriters to develop their own view of risk; cat models grow increasingly sophisticated; and modellers face pressure to prove relevance to events that take place, as well as to offer more transparency. Reactions hosted a roundtable, sponsored by EQECAT, with these topics in mind.
April 23, 2013
Sichuan earthquake could affect Chinese manufacturers: EQECAT
The epicenter of the April 20 earthquake, which measured measured 6.6 on the Richter scale, was about 115 kilometres west southwest of Chengdu, EQECAT's CatWatch service reported in an e-mail alert.
April 23, 2013
100,000 left homeless by Sichuan earthquake
A 6.6 magnitude earthquake in the Sichuan province of China has left nearly 100,000 Chinese homeless, and may have dealt severe damage to insured industrial facilities in the region, according to EQECAT.
April 9, 2013
EQECAT's Paul Little: Clients Expectations are Changing
Paul Little says his promotion to president of catastrophe modelling firm EQECAT was unexpected, but his experience in the sales side of the business, as well as 25 years in reinsurance broking, stand him in good stead to take the helm and focus on efforts to be "at the forefront of transparency," he tells Lorna Davies.
March 21, 2013
EQECAT president resigns to take new industry role
Keogh has headed the California-headquartered firm since November 2010 after replacing Rick Clinton, and had previously served as senior vice president of strategic initiatives.
March 1, 2013
Sandy Bill Still Rising
EQECAT Product Manager Aarti Dinesh, says: "For the sort of wind speeds [that Sandy had], this event caused a lot of storm surge - usually you would expect three to five feet from a category one storm, rather than the 13 or 14 feet that Sandy caused. The storm surge was also exacerbated by the high tide."
First published in the March issue of Global Reinsurance.
February 1, 2013
EQECAT's new RQE risk modeling platform will 'benefit all segments of the ILS market'
Outside of the core insurer and reinsurer market for risk models, EQECAT believes it has produced a platform that will benefit all areas of the catastrophe bond and insurance-linked securities (ILS) community, from issuers or sponsors to investors and catastrophe risk asset managers. We discussed a number of the enhancements within RQE and their relevance to the ILS and cat bond market last April with Kent David, Vice President of EQECAT’s Consulting Services Group, and he told us at the time to expect a platform that would 'Provide an unparalleled ability to deeply understand risk associated with cat bonds and ILWs'.
January 31, 2013
The Miami Herald
EQECAT Releases RQE (Risk Quantification & Engineering) Catastrophe Modeling Platform'
Today EQECAT announced the release of its RQE™ (Risk Quantification & Engineering) catastrophe risk modeling platform that enables clients to quantify and manage the potential financial impact of natural hazards.
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