CUNA Mutual to use Barrie & Hibbert’s Economic Scenario Generator

20 August 2008

Barrie & Hibbert Inc. one of the leading providers of financial risk management tools and consultancy, today announced that it has been appointed by CUNA Mutual to provide its Economic Scenario Generator (“ESG”).

As market volatility and complexity increases, it has never been more important for financial services companies to be using the most robust risk management tools available. CUNA Mutual will use Barrie & Hibbert’s ESG to manage value-added risk and capital management within the organisation.

The Barrie & Hibbert ESG is increasingly used by major international financial services companies serving the insurance, banking, asset management and pensions sectors. The model is already used by insurers managing in excess of two-thirds of
European insurance assets, and there is tremendous growth in other regions, including North America.

Craig Turnbull, Barrie & Hibbert’s Regional Head of North America, said: “I am delighted CUNA Mutual has chosen our ESG to enhance its business. This is a further exciting expansion of our product in this dynamic market. We look forward to building on this and to other high profile mandate wins.”

Christopher Copeland, Director, CUNA Mutual said: “Barrie & Hibbert's large market share with the ESG is well-deserved as the software is a great blend of theoretical sophistication and user-friendliness. The application's robustness meets our economic valuation, pricing, risk management, and hedging needs. We have also been pleased with responsive customer service and the extensive training we received. I would not hesitate to recommend Barrie & Hibbert to my peers in the US insurance industry.”

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