Swiss Re acquires Fathom

Swiss Re has acquired Fathom, a British company specializing in flood risks. Fathom will retain its own brand and work closely with the Swiss group's subsidiary Reinsurance Solutions.

This transaction is intended to enhance the reinsurer's capabilities in the field of data modeling and risk intelligence.

Swiss Re's most recent estimates suggest that insured losses due to natural catastrophes are likely to exceed the 100 billion USD mark in 2023, 12 billion USD of which would be caused by floods.

Financial details of the acquisition have not been disclosed.