In a rather timely announcement, Oakland Calif.-based EQECAT, Inc., a subsidiary of ABSG Consulting, announced that Catlin Underwriting Agencies Limited, a wholly owned subsidiary of Catlin Group Limited, specializing in P/C insurance and reinsurance, has licensed its Gulf of Mexico Offshore Energy Model (OEM) for underwriting and portfolio risk management.
“The EQECAT OEM helps oil and gas producers, insurers and reinsurers to manage hurricane risk for offshore assets,” said the bulletin. “Currently, the model covers exposures in the U.S. Gulf of Mexico. It is part of EQECAT’s WORLDCATenterpriseTM catastrophe risk management software platform.”
Paul Martin, group chief actuary of Catlin Group Limited, described the Group’s commitment to using “the most advanced technology and resources available to help manage and mitigate hurricane risk in the Gulf of Mexico.” He described EQECAT ‘s model as “leading-edge technology.”
Source: EQECAT – www.eqecat.com
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