# The Demex Group

> The Demex Group models insurers’ accumulated losses from severe convective storms and winter storms, then helps arrange reinsurance tied to a carrier-specific modeled-loss index. Its customers are property insurers; brokers distribute the coverage and reinsurers supply the capital.

- **Founded:** 2020
- **Headquarters:** New York, United States
- **Founders:** Edward Byrns Jr. (Co-founder; founding President and CEO), Stephen Bennett (Co-founder; founding climate/product leader)
- **Products:** Severe Convective Storm Reinsurance (SCS Re), originally RCR Re, Winter Storm Reinsurance (WS Re), Custom weather-loss modeling, Operational Climate Risk Coverage (OCR), Demex Climate Resiliency Center
- **Notable:** Reported $65 million of reinsurance bound in its first selling season in the September 2024 announcement., RCR Re won Insurtech Product of the Year at the 2024 Insurance Insider US Honors., Won Innovation in Parametrics (Weather and NatCat - Private Sector) at the 2024 Parametric Insurer Awards.

## Products & services

- **Severe Convective Storm Reinsurance (SCS Re), originally RCR Re** — Carrier-specific modeled-loss aggregate reinsurance for accumulated retained thunderstorm, hail, wind and tornado losses. RCR Re launched in 2023.
- **Winter Storm Reinsurance (WS Re)** — Modeled-loss aggregate cover for accumulated winter storm losses, including severe cold and snowfall, launched June 2026.
- **Custom weather-loss modeling** — Free carrier-calibrated modeling using claims, exposure and weather data, with no obligation to bind coverage.
- **Operational Climate Risk Coverage (OCR)** — Earlier offering for businesses exposed to weather-driven operating expenses and revenue volatility; not a featured product on the current website.
- **Demex Climate Resiliency Center** — Historical public platform launched in May 2021 to analyze climate variability across more than 60,000 cities.

## Achievements

- Reported $65 million of reinsurance bound in its first selling season in the September 2024 announcement.
- RCR Re won Insurtech Product of the Year at the 2024 Insurance Insider US Honors.
- Won Innovation in Parametrics (Weather and NatCat - Private Sector) at the 2024 Parametric Insurer Awards.
- Reported over $140 million in cover purchased through six leading brokers in December 2025.
- Listed in the 2025 InsurTech100; company also reported an Insurance Insider US Honors win in 2025.

## Latest updates

- **2026-08** — Advertised an August 21 mid-year storm-season and insured-loss webinar on LinkedIn.
- **2026-06** — Launched winter-storm aggregate modeled-loss reinsurance; launch webinar held June 26.
- **2025-12** — Named Michael Anderson CEO, Matt Coleman President, Reinsurance, and Charlie Eadie Chief Growth Officer; Bill Clark continued on the advisory board.
- **2025-11** — Published a commissioned APCIA/NAMIC survey on SCS losses and interest in aggregate working-layer coverage.
- **2025-10** — Announced awards and more than $140 million of capacity placed.

## Links

- Website: https://www.thedemexgroup.com/
- LinkedIn: https://www.linkedin.com/company/the-demex-group
- Twitter/X: https://twitter.com/TheDemexGroup

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Profile page: https://yespress.io/the-demex-group
Published by YesPress — https://yespress.io
Last updated: 2026-10-04