KatRisk Acquires Gamma to Boost Risk Assessment Capabilities
Deal News | May 12, 2025 | Re-Insurance News
KatRisk, a notable provider of catastrophic risk modeling software, has acquired Gamma, a well-regarded location intelligence and property-level risk assessment firm. This acquisition is a strategic move for KatRisk, which aims to bolster its innovation efforts, expand its technical prowess, and widen its international reach. With the assimilation of Gamma’s capabilities, particularly its renowned platform Perilfinder, KatRisk intends to enhance its services in delivering intuitive map-based risk insights, dynamic dashboards, and advanced spatial analytics. KatRisk's EVP of Strategy, Brandon Katz, remarks that the acquisition is aligned with their mission to offer the most detailed and comprehensive risk data. Gamma, under the leadership of CEO Feargal O'Neill, sees this merger as an opportunity to collaborate with leading catastrophe modelers and open global markets for its solutions. The integration signifies a significant step towards empowering insurers to make more informed and timely decisions in risk management.
Sectors
- Insurance Technology
- Catastrophe Risk Management
Geography
- Global – KatRisk's acquisition of Gamma is meant to expand its footprint and opening global markets, indicating a global strategic interest.
Industry
- Insurance Technology – The article focuses on enhancements in tech solutions for insurance firms, particularly in risk assessment and underwriting efficiency.
- Catastrophe Risk Management – KatRisk specializes in catastrophe risk modeling, aligning with Gamma's offerings in property-level risk data and exposure management.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| KatRisk | Acquiring Company | Company | A catastrophic risk modeling software provider. |
| Gamma | Target Company | Company | A location intelligence and property-level risk assessment firm known for the Perilfinder platform. |
| Brandon Katz | Executive Vice President of Strategy | Person | An executive at KatRisk, commented on the strategic impact of the acquisition. |
| Feargal O'Neill | CEO | Person | The CEO of Gamma, expressing excitement over the merger and growth opportunities. |