Elementum Leverages AIR's Cat Modeling Systems

AIR Worldwide, Boston, announced that Elementum Advisors LLC, a Chicago-based alternative investment manager focused on collateralized reinsurance investments and insurance-linked securities, has licensed CATRADER, the industry standard application for analyzing catastrophe reinsurance and insurance-linked securities. Elementum will utilize CATRADER and ALERT, AIR's online real-time loss estimation service, to assess and manage the risks associated with its portfolio of catastrophe bonds and other insurance-linked securities.

“We selected AIR’s CATRADER because it enables us to quickly evaluate new investments and fine-tune our portfolio to obtain a more desirable risk/return profile,” said Mike France, Elementum Advisors' COO. “CATRADER also supports a wide range of ILS transaction types, which is very important for our strategies.”

CATRADER is designed to enable investors to assess the risk associated with a wide range of financial instruments, including catastrophe bonds, industry loss warranties, sidecars and collateralized reinsurance investments.

“AIR’s catastrophe bond remodeling capabilities help us to analyze transactions as they are announced," France added. “As a result, in many cases we can more accurately assess the risk and make more informed investment decisions.”

“AIR provides investors like Elementum with a comprehensive and unified platform to manage their entire portfolio of ILS,” said David Lalonde, SVP, AIR Worldwide. “CATRADER gives investors the flexibility they need to accurately model catastrophe bonds with parametric, modeled-loss, hybrid, or indemnity triggers as well as ILWs and collateralized reinsurance investments, providing a more effective assessment of the portfolio’s risk profile.”

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