Glen Daraskevich Joins Karen Clark & Company As Senior Vice President

Boston, December 3, 2007

Karen Clark & Company announced today Glen Daraskevich has joined as Senior Vice President to head up the consulting group responsible for the IMARC® comprehensive review process. The recently launched IMARC reviews help companies ensure they have in place holistic risk management processes that comply with best practices. Holistic risk management practices incorporate independent benchmarks and metrics to assess the quality of catastrophe model input and output.

"Mr. Daraskevich is the ideal candidate to lead this new industry initiative that is transforming and significantly improving how companies assess and manage catastrophe risk," said Karen Clark, CEO of Karen Clark & Company. "This important role requires a unique individual with specific skills, professional experience and educational background, and Glen fits the bill perfectly."

Mr. Daraskevich spent the last six years at AIR Worldwide where he rose from Senior Consultant in the Consulting Services group to Vice President of the Research and Modeling team encompassing over 40 scientists and engineers, including 28 Ph.D.s. Along with managing the development efforts for all catastrophe models, he was actively involved in the development of the U.S. Wildfire model. Mr. Daraskevich led several post disaster damage surveys for the hurricanes of 2004 and 2005, including Katrina. Prior to joining AIR, Mr. Daraskevich held various positions designing, reviewing and auditing information systems and processes. He earned a B.S. degree in Civil Engineering and Master's degrees in Engineering and Information Systems.

"I am very excited about my new role at Karen Clark & Company", said Mr. Daraskevich. "It isn't often one has the opportunity to start a new entity with an industry leader and visionary, and while the mission is challenging to be sure, I'm looking forward to working with the companies who are ready to advance to the next level of effective catastrophe risk management."