AIR Announces Additions to Its Management Team.

Business Editors

BOSTON--(BUSINESS WIRE)--Dec. 18, 2000

Applied Insurance Research (AIR), the Boston-based catastrophe and weather risk modeling firm, announced today five new additions to its management team.

Paul Devlin has joined the AIR Operations group as Vice President and General Counsel. In addition to managing the growing AIR Human Resources staff worldwide, Mr. Devlin will assume responsibility for the Legal and Contracts functions of the company. Mr. Devlin brings to AIR eighteen years of legal expertise as well as many years' financial, engineering, human resources, and property and casualty insurance experience.

Dr. Roger Grenier has been promoted to Manager of AIR's Services and Analytics group. In his new role, Dr. Grenier will be responsible for managing the scope, timelines, and production of AIR's consulting projects. His focus will be on facilitating client communications, efficient processes, staff training, and quality assurance. In addition to consulting and client management expertise, Dr. Grenier has over ten years of experience in civil engineering, numerical modeling, and hazards assessment. Previously, Dr. Grenier was a member of AIRs research and modeling team.

Dr. Jayunta Guin has been promoted to Assistant Vice President, Research and Modeling. In his new position, Dr. Guin will manage research and development projects for all AIR models. He will also be responsible for streamlining the process of integrating models into AIR's software products in order to provide reliable and efficient risk analysis and ensure timely and accurate delivery of products to clients. Previously, Dr. Guin specialized in the structural and geotechnical engineering aspects of the AIR earthquake modeling technology. He was also a member of the CLASIC/2(TM) software development team.

Kristen Jones has joined AIR as Assistant Manager of AIR's Service and Analytics group. As Assistant Manager, Ms. Jones assumes a new position within AIR in which she will be responsible for defining and implementing process and procedure surrounding AIR's growing consulting business. In addition, Ms. Jones will lead AIR management projects and provide mentoring to associate staff. Ms. Jones has worked in the insurance industry for nearly ten years and brings to AIR significant underwriting and actuarial project management experience.

Joseph Lukeman has joined AIR as Assistant Product Manager for the Software Services team. In his new capacity, Mr. Lukeman will assist in managing the future development of CLASIC/2 and CLASIC/1, AIR's newest software applications, and will oversee AIR's technical support team. Mr. Lukeman comes to AIR from CGU, one of the largest insurance groups in the US, where he worked in several capacities including IT, training and operations.

Applied Insurance Research is the technological leader in providing catastrophe modeling services and computer software solutions (CATMAP(R)/2, CLASIC(TM), CLASIC/2(TM) and CATRADER(R)) to the insurance, reinsurance and capital markets. AIR's models simulate losses from natural catastrophes such as hurricanes, hail, tornadoes, other windstorms, flood and earthquakes in over 20 countries. Offices are located in Boston, India, London, and Seattle. The company's Web address is www.air-worldwide.com.