Demex, a technology-enabled reinsurance solution provider, has announced a number of executive leadership appointments designed to lead the company into its next phase of growth.
Charlie Eadie was promoted from EVP, Strategic Partnerships & Growth to the Chief Growth Officer role.
Outgoing CEO Bill Clark, who led Demex through commercial launch, will continue to support Demex on the company’s Advisory Board alongside experienced reinsurance professionals John DeMartini, Matthias Weber and Alastair Speare-Cole.
Hank Hattemer, Partner at Blue Bear Capital – a lead investor in Demex – commented: “We conducted an extensive search to find the best candidate to continue Demex’s successful journey. In the end, it was clear the skills and expertise we already had in the business were best placed to keep driving the company forward.”
“The increasing traction we are seeing, from both cedents and reinsurers, for our reinsurance solution, bodes well and speaks to the strength of the modelling and product structure we have put together,” remarked Coleman.
With primary carriers now having purchased over $140 million in cover through six of the world’s leading reinsurance brokers and hundreds of millions of capacity available for the 2026 renewal season, the company is set for considerable expansion.
The company’s severe convective storm reinsurance solution is actively demonstrating its market value, having already made payments for aggregate losses across multiple US states.
Demex’s shift to commercial expansion is marked by major reinsurance brokers selling their solution, hundreds of millions in committed capacity for the renewal season, and leading ratings agencies considering credit to cedents.
Moreover, international interest is also emerging beyond the US, the company stated.
Chief Growth Officer Charlie Eadie noted: “When a client like the CEO of Innovated Holdings says publicly that he would encourage all insurers with an exposure to severe convective storm losses to evaluate the Demex solution, you know you have a product the market values.”
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