NU Online News Service, April 7, 1:11 p.m. EDT

Filling a gap in catastrophe modeling in the Mediterranean region, reinsurance broker Aon Benfield launched its earthquake model for Cyprus.

Aon Benfield, a subsidiary of Chicago-based insurance broker Aon Corp., released the catastrophe model developed by its own modeler, Impact Forecasting. The firm says the model helps to bridge a gap in the market where no viable alternatives to model this peril currently exist.

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