SOURCE: Ultimate Risk Solutions LLC

Ultimate Risk Solutions LLC

November 10, 2010 11:24 ET

Ultimate Risk Solutions Names O'Gorman to Head Spanish, Portuguese, Latin American Operations

MADRID, SPAIN--(Marketwire - November 10, 2010) - Ultimate Risk Solutions (URS), a global provider of risk modeling software to the insurance and reinsurance industry, has appointed David O'Gorman to head its operations in Spain, Portugal, and Latin America, Alex Bushel, Chief Executive Officer, announced.

David O'Gorman, who is based in Madrid, will be responsible for business development in the above regions. O'Gorman came to URS recently from Aon Benfield where he had headed analytics services to clients throughout Latin America. O'Gorman is an Associate of the Institute of Actuaries and holds a Bachelor of Science degree in Applied Mathematical Sciences from Dublin City University.

URS is the developer of Risk Explorer™, the dynamic financial analysis model used by major insurers, reinsurers, and brokers worldwide, along with URS Real World™ -- a Global Economic Model that simulates macroeconomic variables in multiple economies. Risk Explorer™ is an essential tool for insurers to create Enterprise Risk Management programs to meet rating agency standards and to comply with Solvency II, the new regulatory regime that will become effective October 2012 in the European Union.

O'Gorman is available to consult with insurers and reinsurers in his territory and to demonstrate URS products. He can be reached by email at dogorman@ultirisk.com or by telephone at +34 91 639 5894.

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