CatX and Cactus have merged to launch Cactus Risk Studio. Read the announcement
Catamaran 2.0 AI underwriting, fresh data insights, MGA tools and APIs

Total risk intelligence

Our technology helps insurers underwrite risk more effectively, brokers improve their client experience, and investors unlock uncorrelated investment opportunities.

  • Backed by Y Combinator
  • Lloyd's Lab alumnus
  • Regulated by the Bermuda Monetary Authority
940,000 insurance documents analysed
80+ insurers, MGAs and brokers
$650bn+ total fund AUM
50+ funds on the platform
Catamaran

The most advanced insurance-specific AI platform

Turn traditional insurance submissions into sophisticated digital deal rooms with access to powerful risk models. Extract data from any file in minutes.

PDFs Excel Emails Model files Images Contracts
  • AI-powered document analysis, scoring and decision support, from ingestion and triage to quoting and portfolio optimisation
  • Structure recommendations informed by more than 1,000 insurance-linked securities transactions
  • A shared view of risk for brokers, (re)insurers and investors, so transactions close faster
Catamaran risk dashboard with a hurricane exposure map and loss charts

AI-native

Intelligence at every step, from ingestion and triage to quoting and portfolio optimisation.

Transparent

Special purpose vehicles and segregated account structures, managed by trusted, independent insurance managers.

Institutional grade

Trusted by more than 50 funds with $650bn+ AUM, using structures designed for institutional capital.

Regulated

Regulated as an innovative marketplace provider by the Bermuda Monetary Authority.

For investors

A new, uncorrelated asset class

The key risk transfer instruments and structures available on CatX, from privately placed reinsurance to catastrophe bonds and parametric covers.

Publication

Demystifying insurance-linked securities

How ILS work, and how they have performed against equities and high-yield bonds.

Read the guide
Instrument

Reinsurance contracts

Privately placed instruments tailored to the (re)insurer, with the most flexibility in risk selection and legal structuring.

Instrument

Catastrophe bonds

Publicly placed securities, typically 144A notes, with standardised terms, conditions and defined loss scenarios.

Structure

Proportional

Protects a share of a (re)insurer's portfolio by sharing its performance directly with investors.

Structure

Non-proportional

Lets (re)insurers choose the risks they transfer, and investors choose the risks they take on.

Structure

Parametric

One of the simplest ways to transfer risk: a fixed payout when a trigger is met, for faster settlement.

Investors

Start investing

Deal rooms, risk models and a streamlined digital process, from document sharing to contract execution.

CatX for investors
Integrations

Integrated with world-class risk models

CatX works directly with the leading model providers, index agents and market institutions.

Hurricane Earthquake Wildfire Flood Hail Severe convective storm Cyber Pandemic Space Agriculture

Explore models and integrations

Hurricane explorer

See what history says about your risk

Test how every hurricane since 1960 would have affected a location, a policy limit or a parametric structure. Free to try, no sign-up needed.

Preview of the Historic Windstorm Explorer

Runs on the CatX platform. Open in a new tab

For insurers and brokers

Structured submissions attract 6× more interest

Capacity providers on the CatX marketplace show six times more interest in opportunities presented as structured digital submissions. Here's why, and how to create them.

Who we are

World-class people

Machine learning specialists, engineers from leading investment banks, and reinsurance professionals from the world's largest brokers.

Matthew Salamon

Matthew Salamon

Sean Bourgeois

Sean Bourgeois

Christine Sandler

Christine Sandler

Benedict Altier

Benedict Altier

Felix Terpstra

Felix Terpstra

Lucas Schneider

Lucas Schneider

Jon Wood

Jon Wood

Benjamin Fox

Benjamin Fox

Get in touch

Talk to the CatX team

Contact our team to learn more about investment opportunities, or how the CatX platform can improve how you transact risk.