Jamie takes over from Thomas Loridan as Reask strengthens its science offering and enhances organisational structure to support expanded team and accelerated growth
1st September 2022:
Insurance-focused ClimateTech, Reask, a leading science and technology company focusing on natural hazard modelling, announces Jamie Rodney as its new Chief Executive Officer. Jamie is a well-known and highly respected (re)insurance and capital markets specialist. Current CEO, Thomas Loridan, will become Chief Scientist and designated Executive Chairman to strengthen the company’s scientific focus and strategic oversight.
Reask is on a mission to be the leading provider of next-generation Nat Cat modelling, worldwide. The company is disrupting the status quo by fundamentally rethinking how catastrophe models are created, offering real-time, post event, and longer-term probabilistic risk forecasting solutions for global weather-related catastrophes, using Artificial Intelligence and Machine Learning.
Reask gained significant funding from Tencent, the global technology giant headquartered in China, to support this strategic growth and build on its broad portfolio of clients, including Swiss Re, Axa, and Descartes, to name a few.
Jamie’s extensive academic and commercial experience made him the clear choice to lead Reask to its next stage of success. As one of the company’s first clients, and a driving force behind the development of one of its first products, Jamie comes with a solid understanding of the business, its vision, and technology, as well as the needs and challenges of its clients. A PhD in Mathematics, coupled with starting his career at RMS, also gives Jamie a fundamental appreciation of the core academic principles from which Reask was founded.
“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,” says Thomas Loridan, CSO. “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.”
Jamie commented on his appointment, saying: “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.”
Before joining Reask, Jamie worked at Twelve Capital, a leading 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, as well as leading 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, Jamie 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.