Press Release Archive
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2009 Press Releases
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October 2009
ICW Group Insurance Companies Expands Its Use of EQECAT's US Earthquake Model Capabilities
EQECAT announced today that ICW Group Insurance Companies has expanded its licensing agreement with EQECAT and will use additional capabilities and functions of the United States Earthquake model.
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September 2009
EQECAT has narrowed its estimated onshore insured losses from Hurricane Ike to a range of $8 to $12 billion, from an initial estimated range of $8 to $18 billion at the storm's landfall.
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September 2009
EQECAT to Provide Analysis of Probabilistic Hurricane Events for Weather Risk Solutions
EQECAT announced that it has been selected by Weather Risk Solutions, LLC to provide analysis of probabilistic hurricane events.
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September 2009
EQECAT announced that RiskMeter Online has signed a three year licensing agreement for continued use of EQECAT’s United States Earthquake model, part of its WORLDCATenterprise™ catastrophe management software suite.
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August 2009
EQECAT Announces Release of WORLDCATenterprise Version 3.13
EQECAT announced today the release of its updated WORLDCATenterprise™ modeling software platform, version 3.13.
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July 2009
EQECAT US Offshore Energy Model Updated Based Upon Data Produced During 2008 Hurricane Season
EQECAT said today that an analysis of wave height and damage data produced during the 2008 hurricane season, especially during Hurricane Ike and relating to assets in the US Gulf of Mexico, has enabled the refinement of hazard and vulnerability modeling in EQECAT's US Offshore Energy Model (EQECAT's OEM).
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June 2009
EQECAT provided risk modeling to Munich Re in the issuance of a €50m catastrophe bond transferring European winter storm and Turkish earthquake risks to the capital markets, as detailed in the Munich Re press release which follows this Note:
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April 2009
Bill Keogh Joins EQECAT as Senior Vice President, Strategic Initiatives
EQECAT is pleased to announce that William M. Keogh has been appointed as Senior Vice President of Strategic Initiatives.
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January 2009
EQECAT European Extra-Tropical Windstorm Model Is First to Use Hybrid Stochastic Event Set
EQECAT said today that its recently released European windstorm model, Eurowind™, provides the insurance and risk-finance industry with improved accuracy and increased scope in the quantification of European windstorm risk due to a number of significant components which were incorporated.