CelsiusPro buys Global Parametrics
CelsiusPro has acquired Global Parametrics , boosting its ability to provide risk solutions for climate and natural disasters worldwide. The merger will help both companies offer more comprehensive services, especially in climate technology and disaster risk management. The combined expertise will attract more risk capacity as Managing General Agents (MGAs).
Global Parametrics will continue to manage the Natural Disaster Fund, supported by the UK and German governments. The fund also shares risks with global reinsurer Hannover Re.
Mark Rueegg, CEO of CelsiusPro, emphasized that the acquisition will help meet growing demand for expertise in climate-related financial solutions. Angus Kirk, CEO of Global Parametrics, said the merger will expand their impact on building resilience against climate change and natural disasters in underserved communities.
The merged company will operate from offices in Zurich, Sydney, and London.