Renew Risk expands leadership team and product suite in response to increasing demand for renewable risk modelling
Dr Joshua Macabuag, CEO at Renew Risk
2 September 2026 – Renew Risk, a leading provider of risk analytics for renewable energy assets, has today announced several senior leadership appointments across its sales and product teams, alongside a series of new catastrophe risk models spanning offshore wind, severe convective storms, and data centres.
The year's momentum began in March, when the company named Dr Joshua Macabuag OBE as Chief Executive. A co-founder of the company, Josh previously served as Chief Product Officer, and brings deep catastrophe risk modelling expertise from roles at several (re)insurers, the World Bank and University College London.
New leadership hires
Matt Donovan joins as Head of Business Development. A catastrophe modeller by trade, Matt has previously served as Head of Community Engagement at Oasis Loss Modelling Framework. He joins from Chaucer, having previously held roles at AIG and Willis Re. At Renew Risk, Matt will spearhead sales efforts, promoting Renew Risk's expanding product portfolio to the insurance industry and identifying demand from developers and financial risk professionals.
Dr Iain Willis joins as Head of Product, bringing deep experience in climate risk, having previously co-founded climate risk firm Tempest Risk. Prior to this, Iain was Research Director at Gallagher Re and also spent several years in Singapore as Managing Director of flood risk firm JBA Risk Management Pte, where he established the APAC office. In his new role, Iain will oversee product strategy and development as Renew Risk continues to expand its modelling capabilities.
Jason Futers joins Renew Risk as Chief Commercial Officer (Fractional), bringing more than 20 years' experience in strategy and growth. His career has included senior leadership positions at Moody's RMS, including as CEO of RMS Japan, as well as C-suite roles at Ping and Insurdata. Jason will work closely with the commercial team to strengthen Renew Risk's go-to-market strategy as its product portfolio and geographic reach continue to expand.
These appointments build on a series of recent hires across the business, reflecting the company's continued growth driven by increasing industry engagement and a rapidly expanding client base.
“This has been a landmark year for Renew Risk. We’ve launched brand-new risk models that address previously overlooked gaps in the market, expanded our team with the sharpest minds in catastrophe risk and insurtech, and watched our client base double. Renewable energy assets are being built faster than ever, and the understanding of the risk has simply not kept pace; that’s the gap we’re closing to enable the transition. I’ve every confidence that the all-star team we’ve assembled are the ones that’ll get us there.”
A year of successful product launches
These new hires follow on from a year of successful model launches at Renew Risk. In April, Renew Risk launched its UK & Ireland Windstorm Model (UKWS) and European Windstorm Model (EUWS), purpose-built catastrophe models for Europe's offshore wind farms. In August, the company added the Interconnector Risk Module, an enhancement that assesses risk to the interconnectors linking offshore wind farms to the grid. A seasonal update to the windstorm models, incorporating new research and the latest loss data, is due later this year.
In May, Renew Risk launched its US Severe Convective Storm (SCS) Model, covering hail, tornado and straight-line wind risk for the highest-risk US states. The model now incorporates hail risk for solar farms across the full continental US, with tornado risk to be included over the coming months and a complete severe convective storm model to follow.
Renew Risk has also continued to expand its Industry Exposure Database, giving insurers and risk managers access to detailed exposure data, including total insured value, property values, build year and asset-specific detail, across every location the company models.
Renew Risk is also extending its asset-led approach to data centres, applying the same engineering-led methodology to identify risk gaps missed by traditional property risk modelling, with a particular focus on natural catastrophe exposure and unplanned downtime.
This growth comes alongside an expanding client base, with Renew Risk's portfolio of insurer, reinsurer and broker clients growing significantly over the past year. Renew Risk continues to work with market participants including Aviva, McGill & Partners and Tokio Marine HCC, supporting underwriting and risk management across global renewable portfolios.
Looking ahead
Renew Risk is continuing to recruit for strategic positions, spanning technical engineering and catastrophe development to client adoption, as it builds out its team to meet growing demand.
In the near future, Renew Risk plans to launch new models, release a seasonal update to some of its existing models, and expand its Industry Exposure Database to incorporate new asset classes, helping the market understand, quantify and manage risk to renewable energy assets worldwide.
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The latest models join our industry-leading natural catastrophe risk management suite. Explore our full product portfolio to see how we're helping insurers manage risks of earthquakes, tropical cyclones, and severe convective storms to assets like solar and offshore wind farms around the globe.
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![A comprehensive view of windstorm risk to offshore wind farms around the UK.]()
UK Windstorm Model
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![Europe Windstorm Model]()
Europe Windstorm Model
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![Access specialist risk intelligence for offshore wind farms located around earthquake-prone Japan.]()
Japan Earthquake Model
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![Japan Typhoon Model]()
Japan Typhoon Model
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![Taiwan Earthquake Model]()
Taiwan Earthquake Model
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![Taiwan Typhoon Model]()
Taiwan Typhoon Model
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![US Hurricane Model]()
US Hurricane Model
About Renew Risk
Renew Risk is the leading risk management provider for renewables. Combining scientific expertise with an asset-first approach, we provide unparalleled depth to renewable energy risk intelligence to deliver the insights the market needs to understand, quantify and manage the risks to the assets in their portfolio at pace. Together with our clients and industry-leading partners, Renew Risk is building resilience into the energy transition.