• The InsuResilience Investment Fund Private Equity II (IIF II), managed by BlueOrchard Finance Ltd, has recently completed an investment in Reask Pty Ltd (“Reask”, “the company”), an extreme weather risk modeller that supports the insurance, finance, and public sectors. 
  • This investment is part of a USD 4 million funding round and includes participation from existing shareholders and management. 
  • Reask provides accurate extreme weather data, enabling businesses to measure and manage their exposure to catastrophe risk. The company delivers data on tropical cyclones and is expanding its offerings to include additional perils. 
  • The company’s products allow customers, such as insurance companies, to more accurately price their premiums; enable asset managers to quantify their climate risks effectively; and assist governments in designing parametric products and early warnings for vulnerable populations. 

Reask Pty Ltd (“Reask”) is a climate risk forecasting company that offers synthetic event sets for global tropical cyclone risk. Reask’s proprietary data sets provide highly granular global coverage, explicitly driven by dynamic climate physics, setting them apart from the regionally focused, static data and models available from competitors. 

In 2024, insured losses from natural catastrophes reached USD 135 billion, 46% higher than the average for 2019-2023. Due to climate change, the lack of quality catastrophe data and outdated technology hinder organisations’ ability to make informed decisions regarding their climate exposure. 

Reask addresses these pain points through its proprietary data products and algorithms, targeting a growing and sophisticated customer base. Clients include global insurers, reinsurers, brokers, insurance-linked securities (ILS) fund managers, as well as other financial services firms and corporate entities. Reask enables the seamless integration of climate risk data into modelling, portfolio construction, and asset (re-)location, thereby complementing traditional static historical data sets. Additionally, Reask partners with governments and development organisations to deliver parametric insurance solutions for large populations in high-risk areas, as well as to provide real-time early warning data ahead of natural catastrophes. 

Reask’s management team possesses a cumulative 50 years of experience in catastrophe model development, drawing from a limited pool of global talent, and is supported by actively engaged investors.  

“Reask is effectively addressing critical industry pain points by delivering highly unique and defensible data products that are both scalable and applicable across various sectors. The company’s commitment to providing data that supports the development of climate insurance products in emerging markets aligns closely with our investment strategy. Our investment will empower the team at Reask to implement their sales strategy, accelerate growth, and enhance the financial resilience of vulnerable populations worldwide. We are thrilled to invest alongside an experienced group of technology investors and to support the team at Reask, which possesses extensive domain expertise and unique insights into the challenges faced by insurers,” Ernesto Costa, Senior Investment Director, Private Equity at BlueOrchard.      

 The InsuResilience Private Equity strategy will appoint an observer to Reask’s Board of Directors and will collaborate closely with the company’s leadership to strengthen corporate governance and expand its offering of parametric insurance products, particularly in developing markets that are highly vulnerable to hurricanes and other climate-related perils. 

Building upon the achievements of its predecessor fund, the strategy places significant emphasis on leveraging technology to enhance the affordability and accessibility of climate insurance. The strategy’s goal is to establish a robust ecosystem to facilitate access to climate insurance. Operating as a public-private partnership, the strategy serves as an effective example of climate change adaptation through both its investment approach and access to technical assistance funding for partner companies.  

“We’re delighted to partner with BlueOrchard as a renowned impact investor. Their deep expertise in insurance investing and extensive network will maximise our success in delivering our vision of making extreme weather risk manageable globally; for those who need it, anywhere, anytime,” Jamie Rodney, CEO at Reask Pty Ltd. 

 

–ends– 

For further information, please contact: 
BlueOrchard
Clara Scholz, Communications & Marketing Manager
+41 43 8837332
clara.scholz@blueorchard.com 

 

About BlueOrchard Finance Ltd 

BlueOrchard is a leading global impact investment manager and member of the Schroders Group. As a pioneer of impact investing, the firm is dedicated to generating lasting positive impact for communities and the environment, while aiming at providing attractive returns to investors. BlueOrchard was founded in 2001, by initiative of the UN, as the first commercial manager of microfinance debt investments worldwide. Today, the firm offers impact investment solutions across asset classes, connecting millions of entrepreneurs in emerging and frontier markets with investors with the aim to make impact investment solutions accessible to all and to advance the conscious use of capital. Being a professional investment manager and expert in innovative blended finance mandates, BlueOrchard has a sophisticated international investor base and is a trusted partner of leading global development finance institutions. To date, BlueOrchard has invested over USD 11 billion across more than 100 countries. As of December 2023, BlueOrchard supported over 300 million people in emerging and frontier markets with its investments. For additional information, please visit: www.blueorchard.com. 

 

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