The Demex Group, a risk analytics and intelligence company, has announced a series of promotions within its leadership team, including the promotion of Michael Anderson as its new Chief Executive Officer (CEO), as the firm positions itself for growth as demand continues to rise for its aggregate severe convective storm (SCS) reinsurance solution.Anderson, who will succeed CEO Bill Clark, takes on the role following a four-year tenure as Demex Group’s Chief Growth Officer.Succeeding Anderson will be Charlie Eadie, who has also been promoted from EVP, Strategic Partnerships & Growth to the Chief Growth Officer role.At the same time, Matthew Coleman has been promoted to President, Reinsurance from Chief Risk Officer.

Demex Group also confirmed that outgoing CEO Clark, who led the company through its commercial launch, will continue to support Demex on the company’s Advisory Board alongside experienced reinsurance industry figures John DeMartini, Matthias Weber and Alastair Speare-Cole.Additionally, with a number of primary carriers now having purchased over $140 million in cover through six of the world’s leading reinsurance brokers and hundreds of millions of capacity available for the 2026 renewal season, Demex is set for considerable expansion heading into 2026.A key factor that’s driving this growth is the company’s newly developed SCS reinsurance solution, which has been making payments for aggregate losses across several US states.

In July, One key client that’s been utilising Demex Group’s SCS reinsurance solution is Innovated Holdings Inc., which worked alongside reinsurance broker Acrisure Re, to purchase the Demex solution.Hank Hattemer, Partner at Blue Bear Capital – a lead investor in Demex – commented: “We conducted an extensive search to find the best candidate to continue Demex’s successful journey.In the end, it was clear the skills and expertise we already had in the business were best placed to keep driving the company forward.” Anderson, added: “Having been at Demex since we first started developing our working-layer aggregate loss solution for severe convective storms, I am excited by the direction Demex is heading.

My conversations with primary carriers at NAMIC and APCIA have reinforced how strong the need for our breakthrough solution is.” Coleman also commented: “The increasing traction we are seeing, from both cedents and reinsurers, for our reinsurance solution, bodes well and speaks to the strength of the modelling and product structure we have put together.” Eadie also noted: “When a client like the CEO of Innovated Holdings says publicly that he would encourage all insurers with an exposure to severe convective storm losses to evaluate the Demex solution, you know you have a product the market values.”.All of our Artemis Live insurance-linked securities (ILS), catastrophe bonds and reinsurance can be accessed online.Our can be subscribed to using the typical podcast services providers, including Apple, Google, Spotify and more.