8 January 2016 Insurance

AIR appoints new president

Catastrophe modelling firm AIR Worldwide has appointed Bill Churney as president.

He replaces Ming Lee who retired from the role on January 1, 2016. Lee will continue at AIR until June 2016 in a non-executive role.

Churney joined AIR in 2002 and most recently served as chief operating officer. In that role, he was responsible for overseeing strategic direction and company operations for product management, software product development, global business development, marketing, consulting, and client service activities.

“I’m extremely pleased to appoint Bill Churney as AIR’s new president—to lead the company as it continues to experience rapid growth in the global insurance market,” said Scott Stephenson, president and chief executive officer, Verisk Analytics, the parent company of AIR.

“Bill has been an invaluable member of our team for many years and has shown great leadership skills and a strong dedication to our mission and core values. I look forward to seeing his vision for the future of catastrophe modelling come to fruition.”

Churney added: “I’m very honoured and humbled to have the opportunity to serve as AIR’s next president.

“These are exciting, if challenging, times. Much of the world is still highly at risk from extreme events, whether from natural or man-made causes. I look forward to leading the highly talented team at AIR to help our clients and society at large better prepare for and respond to such events.

“By continuing our focus on developing advanced models and innovative technology solutions, we look forward to helping our clients capitalise on the many opportunities that exist to better manage risk.”

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