Catastrophe Indices & Quantification Inc. (CatIQ), Canada’s loss and exposure indices provider, has announced several key leadership changes.
Laura Twidle will assume the role of President & Chief Executive Officer (CEO), and at the same time Caroline Floyd, currently Assistant Director of Catastrophic Loss Analysis, will become Director.
Both appointments are effective as of July 1, 2022.
Twidle, who has served as Managing Director for CatIQ since 2019, succeeds Joel Baker, who established the company in 2014 and has served as the President & CEO since its inception.
CatIQ has also stated that Baker will take on the role of Vice Chairman of CatIQ.
Within her new role, Twidle will report to Luzi Hitz, CEO of catastrophe loss data aggregator, PERILS A.G., CatIQ was acquired by PERILS in July 2019.
Twidle joined CatIQ in 2017, where she served as a Director of Catastrophic Loss Analysis, then in 2019 she went on to become Managing Director.
She has been a member of the Canadian catastrophe conference, CatIQ Connect steering committee since 2017 and has spoken at various industry events relating to the impact of extreme weather.
Addressing her appointment, Twidle, said: “I want to thank Joel for his mentorship and dedication to CatIQ. I am honored to be entrusted with leading an organization that holds such an important role in the catastrophe risk management sector. I believe the loss and exposure metrics CatIQ provides will be of substantial value to the industry as they focus more on climate change and the extreme events taking place in our own backyard.”
Hitz, added: “I am delighted that Laura has been appointed CEO of CatIQ. She has been a leading figure in the company’s growth and brings an incredible level of insight into the Canadian Cat arena to the role. Laura and Caroline are both very dynamic, motivated and committed people who in an ever-changing risk and technology environment will help drive CatIQ forward.
“I am also glad that CatIQ founder Joel Baker will be staying on as Vice Chairman and that we will continue to be able to rely upon his exceptional knowledge of the Canadian insurance industry.”
