Air Worldwide forms public sector catastrophe risk consulting service
Reprints
Air Worldwide has formed a new consulting service for public sector organizations and stakeholders managing catastrophe risk.
John W. Rollins, vice president, will serve as head of Public Risk Services, the catastrophe modeler announced in a statement Tuesday.
The new unit will keep stakeholders aware of Air's research, software and consulting activities, educate organizations on the benefits of catastrophe models, and manage an ongoing knowledge center focusing on the role, structure and risk-sharing framework of public risk pools.
“Many public groups, including insurance commissioners, wind and earthquake pools, model evaluation commissions, federal insurance programs, prudential and solvency regulators, and quasi-governmental organizations, are increasingly concerned with the micro and macro impact of disasters,” said Mr. Rollins in a statement. “Some are increasingly bearing the risk on behalf of taxpayers. By offering a dedicated service to these important organizations, we're fully committed to better serving the public sector as it manages catastrophe risk.”
