AIR appoints executive vice president

Catastrophe modelling firm AIR Worldwide has appointed Jayanta Guin as executive vice president.

In his new role, Guin will continue to direct AIR’s innovative research program as well as assist with strategic management of AIR’s overall business strategy and new initiatives. He will also lead research and model development efforts for emerging risks across the globe, such as excess mortality, and oversee an enhanced analytical framework for a new generation of catastrophe models.

Guin said: “In my new role, I will remain focused on what is most important to our clients — delivering the most scientifically advanced, reliable, and stable models in the industry and providing technology that empowers them to own the risk. We are ahead of the curve with the release of our software platform, Touchstone, and 60 companies are already experiencing the benefits of it, with many more in the queue.

“We will continue to set ourselves apart by delivering the most robust models combined with a broader suite of data and analytics, such as non-catastrophe losses, into one workflow by leveraging the many data assets from our parent company, Verisk Analytics.”

In addition to the continued development of Touchstone, there are many model initiatives under way, including the industry’s first fully probabilistic and detailed inland flood model for the United States, which will be released this summer.

Ming Lee, president and chief executive officer of AIR, said: “We are very excited to have Jay continue to lead our model development efforts as we set the standard for delivering the industry’s most advanced models. We realise that it is our modelling expertise that companies value most highly, and we will never lose sight of our core value as a catastrophe modelling company. Moreover, we greatly value Jay’s key insights that inform our business strategy.”