Torus Insurance To Use EQECAT's Gulf Of Mexico Offshore Energy Model For Portfolio Risk Management And Underwriting September 24, 2008
EQECAT, Inc., a subsidiary of ABSG Consulting Inc. (ABS Consulting), and the leading authority on extreme-risk modeling, announced today that Torus Insurance, a technical lines insurer specializing in large complex risks with particular focus on the energy sector, has licensed EQECAT’s Gulf of Mexico Offshore Energy Model (OEM) for portfolio risk management and underwriting.
EQECAT Initial Post-Landfall Estimates Of Insured Onshore Losses From Hurricane Ike September 13, 2008
EQECAT, Inc., the leading authority on extreme-risk modeling, Saturday morning said, based on current storm information provided by the National Oceanic and Atmospheric Administration (NOAA), initial post-landfall estimated insured onshore losses from Hurricane Ike could range from $8 billion to $18 billion, primarily in the Texas counties of Brazoria, Harris, Galveston, Chambers and Jefferson.
EQECAT Post-Landfall Estimates Of Insured Onshore Losses From Hurricane Gustav September 2, 2008
EQECAT, Inc., the leading authority on extreme-risk modeling, Tuesday afternoon (Eastern Time) said, based upon current assessment reports of damage caused by Hurricane Gustav, and additional post-landfall data regarding the storm’s characteristics, it has reduced estimated onshore insured losses to a range of $3 billion to $7 billion, primarily in Louisiana, from an initial landfall estimate Monday of $6 billion to $10 billion.
EQECAT Initial Estimates Of Insured Onshore Losses From Hurricane Gustav September 1, 2008
EQECAT, Inc., Oakland, Calif., the leading authority on extreme-risk modeling, Monday afternoon (Eastern Time) said, based on current storm information provided by the National Oceanic and Atmospheric Administration (NOAA),initial estimated onshore insured losses from Hurricane Gustav could range from $6 billion to $10 billion, primarily in Louisiana.
Catlin Underwriting Agencies Limited to use EQECAT's Gulf of Mexico Offshore Energy Model for Underwriting and Portfolio Risk Management August 4, 2008
EQECAT, Inc., a subsidiary of ABSG Consulting Inc. (ABS Consulting), and the leading authority on extreme-risk modeling, announced today that Catlin Underwriting Agencies Limited, a wholly owned subsidiary of Catlin Group Limited (London Stock Exchange: CGL), an international specialist property, casualty insurer and reinsurer, has licensed EQECAT's Gulf of Mexico Offshore Energy Model (OEM) for underwriting and portfolio risk management.
EQECAT U.S. Offshore Energy Model Updated Using New
ABS Consulting Gulf Of Mexico Hurricane Vulnerability Research March 10, 2008
EQECAT, Inc., a subsidiary of ABSG Consulting Inc. (ABS Consulting), and the leading authority on extreme-risk modeling, said today that a joint analysis with ABS Consulting has enabled refinement of the EQECAT U.S. Offshore Energy Model. The refinements utilized recent operator damage data and information regarding practices for the mobile assets in the Gulf of Mexico.
2008 EQECAT In the News
A Model Approach to Risk, Bermuda Re November 2008
EQECAT president Richard Clinton asks what the insurance industry can learn from the current financial crisis and whether it will impact the insurance-linked securities market.
The Future of Cat Models, Reactions Magazine November 2008
EQECAT president Richard Clinton discusses how cat models are evolving to meet new risk management challenges.
Models for a New Age of Risk, Reactions Magazine October 2008
EQECAT president Richard Clinton discusses the importance of catastrophe modelling in this economic environment.
Models A La Mode, Reactions Magazine September 2008
EQECAT president Richard Clinton discusses risk model technology and how it is getting faster, more reliable and easier to
customize.
EQECAT Assists Munich Re in Placing Innovative European Windstorm Deal March 31, 2008
Munich Re has closed the inaugural issuance under its new Queen Street programme - a €170m catastrophe bond that will provide the insurer with a source of multi-year coverage against European windstorms.
Predicting the Unpredictable, Bermuda Re July 2008
Richard Clinton Shared his Views on the Impact of Catastrophe Risk Modeling Techniques on the Reinsurance Industry in Bermuda Re/insurance Magazine.
Analyse This! Reactions Magazine April 2008
EQECAT President Richard Clinton Explains How Evolving Technology Helps Transfer Risks in Reactions Magazine Interview.
Assessing Natural Hazard Risks Using
Probabilistic Catastrophe Loss Models February 2008
"Risk managers should consider last year’s Cyclone Gonu as a wakeup call to risk in the region, say Dr Mahmoud Khater, Senior Vice
President of ABSG Consulting and Chief Technology Officer of EQECAT, and Mr Gary Graham, Regional General Manager, Middle
East, ABSG Consulting, as they use CAT models to assess the likely impact of natural catastrophes on the Middle East." Source: http://www.meinsurancereview.com/
Swiss Re Successfully Places First Ever Bond Linked to Central American Earthquakes January 22, 2008
"The bond is the first ever linked to Central American earthquakes. The initial offering of notes by GlobeCat Ltd. closed on 21 December 2007. The risk modelling company EQECat was used as the calculation agent as well as for the initial risk analysis." Source: SwissRe
Empirical Ground Motion Model For Shallow Crustal Earthquakes In Active Tectonic Environments Developed For The NGA Project Kenneth W. Campbell (ABS Consulting/EQECAT) and Y. Bozorgnia (PEER) August 2008
Kenneth co-wrote a paper presenting a new empirical ground motion model for PGA, PGV, PGD and 5% damped linear elastic response spectra for periods ranging from 0.01–10s. This paper was submitted to the 14th World Conference on Earthquake Engineering (14WCEE) to be held in Beijing in early October 2008.
Comparisons of the NGA Ground-Motion Relations, Earthquake Spectra, Volume 24, No. 1, pages 45–66 Kenneth Campbell, Co-author February 2008
Kenneth co-wrote a paper comparing the
data sets, model parameterizations, use of analytical model constrains, and the resulting
ground motions (median and aleatory variability) from the five NGA models.
