Reask Names Jamie Rodney As New CEO

Climate analytics and technology driven risk modelling firm Reask has named Jamie Rodney as its new chief executive officer. Rodney will take over for Thomas Loridan, who will become chief scientist and executive chairman, the company stated in a statement.

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According to Loridan, who has known Jamie for more than ten years and collaborated with him, “no one is better equipped to grasp both the technological and cultural pillars on which Reask was constructed.” He will guide Reask into a new growth phase that will be centered on maximizing the market fit of our product. With Jamie on board, we will give our sector the tools it needs to more accurately estimate risk in an environment that is changing.

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Rodney was in charge of product development and portfolio management for Twelve Capital’s combined Private ILS and Cat Bond investment strategy prior to joining Reask. Twelve Capital was one of Reask’s early partners and a Swiss independent insurance investment company. He was also in charge of all ILS-related investments’ analytics and thought leadership. He also served on the Investment Oversight and Valuation committees and chaired the ILS Investment Committee.

Reask Names Jamie Rodney As New CEO

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.