KatRisk, a provider of catastrophic risk modelling software for the insurance and financial services industries, has acquired RED, a specialist catastrophe model provider covering earthquake, flood, landslide and wind risk.
The acquisition expands KatRisk’s multi-peril catastrophe modelling capabilities and accelerates the development of a high-fidelity earthquake offering for global clients. No financial terms for the deal were disclosed.
KatRisk offers catastrophe risk modelling software designed to serve the insurance and financial services industries, with existing strengths across flood, tropical cyclone wind, severe convective storm (SCS) and wildfire — with the latter set to launch soon. Its platform, SpatialKat, provides clients with integrated access to risk models across multiple perils.
RED is a specialist provider of catastrophe models, focusing on earthquake, flood, landslide and wind risks. The firm brings a proven European earthquake platform and complementary climate peril models to the combined group.
As part of the deal, RED’s European earthquake model will be integrated into SpatialKat, giving clients seamless access to earthquake risk alongside KatRisk’s existing peril coverage in the near term. The combined entity will also accelerate the development and delivery of a high-fidelity US earthquake model, building on a strong track record across North America and Europe.
The acquisition reinforces KatRisk’s commitment to advancing innovation, deepening technical expertise and expanding its global reach, further strengthening its position as a market leader in catastrophe and property risk analytics.
KatRisk general manager Martyn Sutton said, “Customers are asking for a consistent, multi-peril suite of models from a single trusted provider. By bringing RED into the KatRisk family, we can extend our footprint into earthquake and continue to raise the bar on the quality and speed of catastrophe modeling available to the market.”
RED co-founder Paolo Bazzurro said, “Our teams share a common mission: to enhance resilience to climate, weather, and geophysical hazards through improved science and advanced analytical tools.”
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