Demex, a technology-enabled reinsurance solutions provider, has announced a number of executive leadership appointments designed to lead the company into its next phase of growth.
Michael Anderson has been named chief executive after four years as chief growth officer, and former chief risk officer Matthew Coleman has been named president of reinsurance.
Charlie Eadie has been promoted from executive vice president of strategic partnerships and growth to chief growth officer.
Outgoing CEO Bill Clark, who led Demex through its commercial launch, will continue to support Demex on the company’s advisory board, along with experienced reinsurance professionals John DeMartini, Matthias Weber and Alastair Speare-Cole.
Hank Hattemer, partner at Blue Bear Capital, Demex’s lead investor, commented: “We conducted an extensive search to find the best person to continue Demex’s journey to success. In the end, it became clear that the skills and expertise we already had in the business were best suited to drive the company forward.”
“We are seeing increasing interest from cedants and reinsurers in our reinsurance solutions, which is a good sign and a testament to the strength of our integrated model and product structure,” Coleman said.
With over $140 million of insurance currently purchased by the primary underwriter through six of the world’s leading reinsurance brokers, and hundreds of millions of policy capacity available for the 2026 renewal season, the company is poised to expand significantly.
The company’s severe convective storm reinsurance solution is actively demonstrating its market value, having already covered total losses in multiple U.S. states.
Demex’s shift toward commercial expansion will be marked by sales of its solutions by major reinsurance brokers, hundreds of millions in capacity commitments during the renewal season and leading ratings agencies considering extending credit to cedants.
Additionally, the company says interest in the technology is starting to emerge outside the United States.
Chief Growth Officer Charlie Eadie noted: “When a customer like the CEO of Innovated Holdings publicly states that he would encourage all insurance companies experiencing severe convective storm losses to evaluate the Demex solution, you know you have a product that the market values.”
