Oakland Calif.-based EQECAT, Inc., a provider of extreme-risk modeling, announced that Canada’s Commonwealth Insurance Company has signed a licensing agreement to use EQECAT’s WORLDCATenterprise(TM) platform and XML interface technology to create an integrated catastrophe management system. Financial terms of the agreement were not disclosed.
The announcement indicated that Commonwealth was incorporated by an act of the Canadian Parliament in 1947and has operated as a federally registered insurer since 1950. The company is eligible to write business on an excess and surplus lines basis in 44 U.S. states, and the District of Columbia.
For additional information about EQECAT catastrophe models, go to www.absconsulting.com, or www.EQECAT.com, e-mail |||EMAIL_ADDRESS||| or call the EQECAT hotline |||PHONE_NUMBER||| .
