CatX eyes expansion with appointment of Jon Wood as Head of Origination

CatX, the digital marketplace that connects re/insurers and brokers with alternative capital, has appointed industry leader Jon Wood as Head of Origination.

The hire affirms the company’s commitment to broadening market reach ahead of the January renewals, as it targets a significant increase in transaction volume particularly in parametric, industry loss warranties (ILW), and specialty reinsurance.

Wood is a well-known London-based expert in structuring complex re/insurance and retrocession deals, placing risks in the traditional and alternative capital markets, including ILW form.

Benedict Altier, Co-Founder and Chief Executive Officer of CatX, commented: “We are thrilled to welcome Jon to the CatX team. His appointment comes at a pivotal moment, as interest from new capital sources for opportunities in the insurance space continues to grow.”

“Jon’s leadership will be key in driving our strategy and helping us to better connect risk with new capital,” continued Altier.

At CatX, Wood will work with reinsurance, retrocession, and global corporate broking teams.

Most recently, Wood served on the Retrocession leadership team at re/insurance broking group Aon, where he was pivotal in shaping and executing the firm’s global strategy and driving high-value transactions across the international reinsurance market.

Before this, he held senior positions at major firms including Willis Re and Guy Carpenter, where he was a Managing Director.

Wood added: “CatX has created a unique digital platform to efficiently connect high-quality capital with leading (re)insurance risk. I am excited to be part of the team as we make insurance a frictionless, straightforward, and accessible asset class for investors while delivering pricing and process efficiency to brokers and insurers accessing new sources of capital.”

Lucas Schneider, Co-Founder and Chief Technology Officer of CatX, said: “With over 20 years in the industry, Jon will help us to secure attractive opportunities for our funds and accelerate the flow of alternative capital into insurance.

“We aim to provide access not only to innovative technology, such as our AI-powered tool Catamaran, but also to leading experts in structuring and executing insurance transactions. This powerful combination allows us to deliver exceptional outcomes for investors while ensuring comprehensive risk protection.”

The appointment signifies a new era of growth for the company as it strives to bridge the gap between insurance and broader financial markets, CatX explained.

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