Catastrophe modeling firm Eqecat names new president

Paul Little has been named president of catastrophe modeling firm Eqecat Inc., Oakland, Calif.-based Eqecat said Thursday.

Mr. Little replaces Bill Keogh, who held the post since 2010. Mr. Keogh resigned to pursue another opportunity in the insurance sector, the company said. “Under Bill’s leadership during a period of heavy technology investment, EQECAT has delivered a world-class platform — and we thank him for his contributions,” David Weinstein, president and CEO of Eqecat parent company ABS Group Inc., said in a statement.

Mr. Little, most recently senior vice president of Eqecat’s Global Client Development and Consulting Services, joined the company in 2010 after 25 years as a reinsurance broker. In 2012, Eqecat released version 13 of its risk quantification and engineering platform, which included an enhanced financial model, a refreshed user interface and updated earthquake vulnerability models for several countries.

"I look forward to working with our outstanding senior executive team and talented colleagues around the world whose work in delivering our new platform RQE has positioned EQECAT for growth and success," Mr. Little said in a statement.