AIR Appoints New Managing Director in London.

Business/Technology Editors

BOSTON--(BUSINESS WIRE)--June 19, 2000

AIR, the Boston-based catastrophe modeling firm, has appointed Mr. Neil Wiseman as Managing Director of AIR, Ltd. in London. Mr. Wiseman will manage all client-related services for AIR, Ltd. as well as head the marketing and sales effort throughout Europe and Asia.

Mr. Wiseman has over 24 years of experience in the international insurance and reinsurance community having worked in London, Paris and Hong Kong. He has held a number of business development positions, including Managing Director of Gras Savoye Willis Faber in Paris, later being promoted to Executive Director of Willis Faber & Dumas in London. Subsequently, Mr. Wiseman was recruited by Abeille Reassurances to establish and manage their Far East operations and later established and managed the Asia regional office of an Australia reinsurance company, both based in Hong Kong.

"AIR is poised for tremendous growth in both the European and Asian markets particularly with the recent releases of new generation catastrophe models for these regions," said Mr. Wiseman. "AIR has already developed an impressive client base throughout the world and I am eager to expand on these relationships, making sure all clients are receiving the highest quality software and service along with the most scientifically advanced catastrophe models," he added.

Mr. Wiseman can be reached by phone at [phone] or via e-mail at [e-mail].

AIR is the technological leader in the provision of catastrophe modeling services and software solutions to the insurance, reinsurance and capital markets. AIR's models simulate losses from natural catastrophes such as hurricanes, hail, tornadoes, straightline windstorms, flood and earthquakes in over 23 countries. Offices are located in Boston, London, Seattle and Miami. The company's Web address is www.air-worldwide.com.