Swiss Re acquires Fathom

Swiss Re is acquiring Fathom, a UK-based company specializing in water-related risks under current and future climate scenarios.

Through this transaction, Swiss Re’s Reinsurance Solutions division gains “valuable expertise and a robust set of products,” complementing its own data and risk capabilities in the field of flood perils.

Fathom was founded in 2013 and is a team of ~50. Fathom will retain its own brand and continue its research activities.

“We are very pleased to join forces with Fathom in our quest to narrow the protection gap for natural catastrophe risks, such as floods. Fathom’s market-leading research and innovative tools in this area create great synergies with Swiss Re’s risk knowledge and digital capabilities. I’m thrilled to welcome the Fathom team to the Swiss Re organization and look forward to a successful collaboration.” – Russell Higginbotham, CEO of Swiss Re Reinsurance Solutions.

“We are committed to helping organizations around the world to analyze, understand and respond to flood risk and the changing climate landscape. Thanks to the strong alignment between our ethos and approach, I’m excited to see us work together with Swiss Re Reinsurance Solutions to bring our sophisticated risk insights to even more customers and help deliver greater global resiliency. This transaction represents a further key step in helping us achieve our vision of becoming the gold standard in the provision of water risk intelligence.” – Stuart Whitfield, CEO of Fathom.