Demex’s RCR Re solution could address more than $50bn yearly insured loss caused by ‘secondary’ natural calamities. Credit: Demex / PR Newswire.

Reinsurance solutions provider The Demex Group has secured a funding of $5m  to bring retained climate risk reinsurance solutions to the market.

The funding round was led by venture and growth equity firm Blue Bear Capital and saw the participation of various other new and existing investors. 

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Blue Bear Capital, a key partner of Demex since 2021, focuses on climate issues globally.

The retained climate risk reinsurance (RCR Re) is intended at addressing more than $50bn yearly insured loss caused by ‘secondary’ natural calamities.

This solution is available currently with the company anticipating make it an essential part of the reinsurance programmes of insurers by 2024.

Demex CEO Bill Clark said: “This additional investment empowers us to deliver new weather risk transfer capabilities to insurance companies that are facing escalating losses due to the increased frequency of non-catastrophic weather events. 

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

“Severe convective storms loss accumulation increasingly causes earnings unpredictability, credit rating downgrades, and even insolvency for insurance companies. 

“Our reinsurance broker distribution partners and our risk capacity network are eager to address this risk and DemexRCR Re is the first purpose-built solution designed specifically for severe thunderstorms.” 

Established in 2020, Demex delivers stop loss coverage for secondary perils, leveraging a proxy claims index. 

By modelling, organising, and resolving the build-up of weather-linked small- and medium-sized claims, the company aids insurers in managing attritional climate risk.