EQECAT Names Michel Voronkoff to Manage European Consulting Activities

Oakland, CA

March, 2001

Mr. Michel Voronkoff joined EQECAT, Inc. to manage its European Consulting activities. He holds a degree in Civil Engineering from the University of Michigan, and worked for Factory Mutual in France (Engineering Group Manager, Loss Prevention Engineer and Regional Engineering Manager) for 20 years as well as in the U.S. (Western Operations Center Manager). Mr. Voronkoff is past president and former board member of the Society of Fire Protection Engineers French Chapter. Mike Vallejos, President of EQECAT, noted "Michel's expertise and experience in fire prevention engineering, as well as natural hazards and environmental risk assessment, are an excellent fit with the needs of EQECAT's (and EQE's) clients, and a great addition to our international team."

Mr. Voronkoff, a French citizen, is located in EQECAT's Paris office, and oversees the activities of EQECAT's consultants in Paris, London, and Warrington. He continues the search for candidates for EQECAT's European consulting team, and will shortly be announcing new staff additions.

He participated in EQECAT's Innovations in Catastrophe Management conference on February 25-28, 2001 in Ft. Myers, Florida.

EQECAT, Inc. provides state-of-the-art products and services to the global property and casualty insurance, reinsurance and financial markets. EQECAT is the technical leader and innovator of catastrophe risk management models that quantify exposure to a range of natural and man-made catastrophic risks.

Through its modeling software platform, WORLDCATenterprise™, EQECAT enables clients to quantify and manage the potential financial impact of natural hazards. WORLDCATenterprise includes 181 natural hazard software models for 95 countries spanning six continents. These models are based upon innovative applications of the latest science, engineering expertise, claims and exposure data and advanced mathematics.

EQECAT, a subsidiary of ABSG Consulting Inc., was founded in 1994 and is headquartered in Oakland, California.

For more information, contact:

pr@eqecat.com

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