Reinsurance News

Reask names Jamie Rodney as new CEO

1st September 2022 - Author: Pete Carvill

Climate analytics and technology driven risk modelling firm Reask has named Jamie Rodney as its new chief executive officer.

The firm said in a statement that Rodney will succeed Thomas Loridan, who will become chief scientist and executive chairman.

Loridan said in a statement: “We have known and worked with Jamie for over a decade now, and no one is better placed to understand both the technical and cultural pillars on which Reask was built. He will lead Reask into a new chapter of growth, focused on maximising the market fit of our offering. With Jamie on board, we will equip our industry with the tools it needs to better quantify risk in a changing climate.”

Before joining Reask, Rodney worked at Twelve Capital, a Swiss independent insurance investment business and one of Reask’s early partners, where he was responsible for product development and portfolio management of the firm’s mixed Private ILS and Cat Bond investment strategy. He also led the analytics and thought-leadership of all ILS-related investments. In addition, he was ILS Investment Committee Chair and sat on the Investment Oversight and Valuation committees.

Prior to this, Rodney held roles at Willis Re, Tokio Millennium Re, and RMS, where he started his career as a catastrophe model developer with responsibility for building hazard models for tropical cyclone risk, including modelling high-resolution storm surge inundation and tropical cyclone induced rainfall.

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Rodney said in a statement: “Reask’s award-winning approach is leading the way in providing new technologies that quantity risk from the increasing complexity of natural hazards. I have first-hand experience of how Reask provides solutions to the industry’s most challenging climate-related questions, and I am excited to be part of such an innovative, driven, and inspiring team.”

The firm was recently in the news here when it announced what it called a ‘strategic’ partnership with Fathom. That partnership aims to provide insurers, banks, and ESG-focused investors with an unparalleled view of risk data on the combined impact of flood and wind events, including hurricanes, tropical cyclones, and typhoons.

The collaboration will initially enable each firm to re-sell the other’s products and services to new and existing clients, and from 2023 the two companies aim to bring new hazard data maps and catastrophe risk models to market, covering the combined perils of flood and wind.

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