Reask Secures Investment to Bolster Climate Risk Solutions
Deal News | Mar 11, 2025 | BlueOrchard Finance SA
The InsuResilience Investment Fund Private Equity II, managed by BlueOrchard Finance Ltd., has invested in Reask Pty Ltd, an extreme weather risk modeller. This investment is part of a USD 4 million funding round, which aims to enhance Reask's offerings and boost its ability to provide crucial data for managing catastrophe risk. Reask's proprietary data sets help insurers, asset managers, and governments handle climate risks effectively, providing comprehensive tropical cyclone data and expanding into other perils. With climate change increasing insured losses from natural catastrophes significantly, Reask addresses a critical gap in accurate catastrophe data using dynamic climate physics. BlueOrchard's investment aligns with its strategy to support climate insurance products in emerging markets while enhancing the financial resilience of vulnerable populations. The firm will also work closely with Reask to improve its governance and expand its parametric insurance offerings.
Sectors
- Climate Risk Management
- Investment Management
- Insurance
Geography
- Australia – Reask Pty Ltd, the company receiving the investment, is based in Australia.
- Global – BlueOrchard operates globally in over 100 countries and aims to expand climate risk solutions internationally.
- Emerging Markets – A significant focus of the investment impact is on emerging markets where climate-related risks are prevalent.
Industry
- Climate Risk Management – The article focuses on the investment in Reask Pty Ltd, which provides climate risk forecasting services, illustrating the importance of managing climate-related risks.
- Investment Management – BlueOrchard Finance Ltd, as an investment manager, is actively managing funds and supporting investments that align with its strategy and goals.
- Insurance – Reask's services benefit the insurance sector by providing data that improves risk assessment and pricing.
Financials
- USD 4 million – Total funding round size in which BlueOrchard has invested alongside existing shareholders and management.
- USD 135 billion – The value of insured losses from natural catastrophes in 2024, highlighting the relevance of climate risk management.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Reask Pty Ltd | Target Company | Company | A climate risk forecasting company specializing in extreme weather risk modeling. |
| BlueOrchard Finance Ltd | Investor | Company | A global impact investment manager and the entity investing in Reask as part of its InsuResilience Private Equity strategy. |