CatX Global Inc. Market Research Report
Company Overview
Name
CatX Global Inc.
Mission
The mission of CatX Global Inc. is to help make the insurance industry more robust and adaptable by bridging the gap between supply and demand in the reinsurance industry through the introduction of alternative capital.
Founding Details
- Founded: No information is available on the founding year.
- Founders: No information is available on the founders.
Key People
- Benedict Altier: Co-founder and CEO
- Lucas Schneider: Co-founder and CTO
Headquarters
- Location: 1111B S Governors Ave #6326, Dover, DE 19904
Number of Employees
No information is available on the number of employees.
Revenue
No information is available on the company's revenue.
Company Recognition
CatX is known for creating a fully regulated digital marketplace for insurance risk, facilitating the flow of alternative capital into the insurance, reinsurance, and retrocession sectors.
Products
Product Offering
- CatX Digital Marketplace
- Description: A regulated digital platform connecting (re)insurers and brokers with alternative capital from institutional investors.
- Key Features:
- Access to world-class modeling and insurance risk transaction tools.
- Use of special purpose vehicles and segregated account structures.
- Advanced risk models, AI analysis, and dynamic pricing engine.
- Transparent and regulated marketplace by the Bermuda Monetary Authority.
Recent Developments
New Products and Features
- Launch of Catamaran:
- An AI-powered tool for risk assessment and insurance opportunity analysis.
- Facilitates transformation of traditional insurance submissions into sophisticated digital deal rooms.
Partnerships & Collaborations
- Collaboration with Moody’s RMS:
- Aimed at enhancing analytics capabilities for risk modeling and pricing.
- Enables partners to access complex risk analysis tools for better decision-making.
- Integration with CyberCube:
- Enhances CatX's capability in cyber risk analytics.
- Offers detailed insights for institutional investors on cyber insurance-linked securities.
Financial Developments
- Funding Achievements:
- Raised $2.7 million in seed funding to facilitate alternative capital flow into the insurance sector.
- Backed by Silicon Valley venture capitalists and angel investors from trading and hedge fund firms.
Strategic Developments
- Acceptance into Y Combinator:
- Recognized as one of the favored startups for facilitating innovation in the reinsurance market.
Notable Appointments
- Jon Wood as Head of Origination:
- Appointed to target growth and reinforce the leadership team.
Market Position and Future Plans
- Expansion into the Lloyd’s Lab:
- Seeking to bring alternative capital to one of the world's largest insurance markets.
