KatRisk, a leading provider of catastrophic risk modelling software to the insurance and financial services industries, has acquired RED, a specialist provider of catastrophe models 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. The financial terms of the deal have not been disclosed.
KatRisk provides insurers and financial services firms with advanced catastrophe risk modelling tools designed to help clients assess and manage exposure to a broad range of natural perils. The company’s existing suite covers flood, tropical cyclone wind, severe convective storm (SCS), and wildfire — with further peril coverage in development. Its platform, SpatialKat, gives clients integrated access to multi-peril risk analytics through a single interface. The acquisition will see RED’s European earthquake model integrated into SpatialKat, enabling clients to access earthquake risk alongside KatRisk’s other perils in the near term.
RED is a specialist catastrophe modelling firm focused on geophysical and climate-driven hazards. The company brings a proven European earthquake platform alongside complementary climate peril models, and shares KatRisk’s scientific approach to improving resilience against natural hazards. RED’s capabilities span earthquake, flood, landslide and wind risk, providing a strong complement to KatRisk’s existing portfolio.
The deal reinforces KatRisk’s stated commitment to advancing innovation, deepening technical expertise and expanding its global reach. Together, the two companies bring proven capabilities across North America and Europe, and the combined team is expected to accelerate the development and delivery of a high-fidelity US earthquake model.
The acquisition also strengthens KatRisk’s position as a market leader in catastrophe and property risk analytics, with the combined organisation better placed to serve clients seeking a comprehensive, multi-peril modelling suite from a single trusted provider.
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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