Elementum Advisors Leverages AIR's Catastrophe
Modeling Systems to Manage its Portfolio of
February 03, 2010 08:11 AM Eastern Time
BOSTON--(EON: Enhanced Online News)--AIR Worldwide (AIR) today announced that Elementum Advisors
LLC, a Chicago-based alternative investment manager focused on collateralized reinsurance investments and
insurance-linked securities (ILS), 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, Chief Operating Officer, Elementum
Advisors. “CATRADER also supports a wide range of ILS transaction types, which is very important for our
CATRADER enables investors to assess the risk associated with a wide range of financial instruments, including
catastrophe bonds, industry loss warranties (ILWs), sidecars and collateralized reinsurance investments.
CATRADER is the tool of choice for investment managers specializing in insurance-linked securities.
“AIR’s catastrophe bond remodeling capabilities help us to analyze transactions as they are announced,” continued
France. “As a result, in many cases we can more accurately assess the risk and make more informed investment
ALERT™ (AIR Loss Estimates in Real Time) is an online service providing up-to-date information and loss
estimates for major natural catastrophes worldwide. As the market for catastrophe bonds continues to mature and
investors have become more sophisticated, AIR's ALERT has become a key resource for companies trading these
instruments in the secondary market.
“AIR provides investors l