CatX appoints tech-focused Bermuda board member, to expand parametric offering

CatX, a digital catastrophe and parametric risk exchange start-up, has announced that James Robinson, a Bermuda-based technology expert who previously worked in data science at re/insurer Hamilton, has been appointed to the CatX Bermuda board.

Robinson has joined the CatX Bermuda Board of Directors and the company said this further signifies its “commitment to Bermuda as a strategic hub for its operations.”

“The company recognizes Bermuda’s robust regulatory environment, innovative insurance ecosystem, and concentration of industry expertise as key advantages in supporting its global growth ambitions,” CatX explained.

James Robinson has more than two decades of experience in insurance, reinsurance, finance, and technology.

He founded Bermuda-based insurance software company Cactus Ltd., prior to which he held key positions at insurance and reinsurance group Hamilton, including as a software developer and latterly as a data scientist.

At Hamilton, Robinson worked on the design and development of cutting-edge insurance software solutions.

In the past he has also worked in software and quantitative development roles at Barclays Wealth and Capital.

CatX said his appointment will further develop its technological propositions, in particular Robinson’s expertise in developing world-class, scalable insurance and financial platforms.

The company also said it wants to expand its parametric insurance offerings, something that bringing onboard more technical and domain knowledge will no doubt assist with.

James Robinson commented on his appointment to the CatX Bermuda Board, “I am thrilled to join the Bermuda Board of CatX and support visionary founders like Lucas and Ben. Their substantial progress in automating parametric and ILS risk placement is setting a new standard in the industry. It’s an exciting time to be part of such an innovative endeavour and a huge endorsement of Bermuda’s regulatory environment for YC and Lloyd’s Lab alumni to expand their operations here.”

“We are delighted to welcome James Robinson to our Bermuda Board,” said Benedict Altier, CEO of CatX. “Technology is at the heart of our proposition to better connect new institutional investors with opportunities in insurance, reinsurance and retrocession.

“The challenge of expanding capital deployment into insurance opportunities requires new infrastructure to structure insurance data, offer understandable and accessible risk modelling and ensure confidence in collateral.”

Lucas Schneider, CTO of CatX, added, “James has been invaluable for CatX from the very beginning. His introductions to key industry players and insightful advice have been instrumental in shaping our strategic direction. We are excited to have him formally join our Bermuda Board of Directors and I am excited to work closely with him to establish ourselves as a key market for parametric and ILW opportunities by offering more competitive pricing and enhanced efficiency.”