Arch to purchase McNeil
Arch Worldwide Insurance Group has selected AIR Worldwide’s Touchstone as its primary modelling solution to help manage catastrophe risk.
“We’re excited to align with AIR, whose world-class suite of models will provide deeper insight to our organisation’s catastrophic risk,” said Nicolas Papadopoulo, chairman and chief executive officer, Arch Worldwide Insurance Group. “Access to the most up-to-date information is key to making the best-informed decisions, and we view AIR and Verisk as market leaders in data collection and analytics.”
Arch is leveraging Touchstone for detailed loss modelling, and AIR has built a customised suite of tools that integrate its models into Arch’s infrastructure. “AIR’s ability to integrate its models to our underwriting system is a testament to the company’s technical expertise and outstanding client service,” added Papadopoulo.
“We’re thrilled to collaborate with Arch to provide a complete modeling solution to help manage their catastrophe risk,” said Bill Churney, president, AIR Worldwide. “The ability of Touchstone to seamlessly embed catastrophe modeling output directly into Arch’s existing pricing and risk management system proved to be invaluable. And it was further proof that our advanced modeling platform is not only powerful but also flexible and customisable.”
Arch Worldwide, modelling, AIR Worldwide, catastrophe risk