Reinsurance News
Descartes Underwriting
Descartes launches parametric product suite for data centres
22nd January 2026
Descartes Underwriting has announced a new parametric product suite for data centres, providing flexible capacity of up to $140 million per policy against natural perils that threaten timely completion of construction, commissioning, and ongoing service delivery. The growing capacity demands of generative AI and other cloud computing services has led to ... Read the full article
Descartes Underwriting adopts mea Platform to power parametric growth
13th November 2025
Descartes Underwriting, a specialist in corporate parametric re/insurance solutions for climate and emerging risks, has adopted mea Platform’s AI products to enhance automation and data orchestration across its underwriting processes. The implementation expands Descartes’ use of AI to deliver faster, more cost-efficient underwriting decisions. This mirrors the speed and precision of ... Read the full article
There’s an opportunity to bring fresh parametric capacity to Asia: Qin, Descartes
6th November 2025
Descartes Underwriting, the specialist in corporate parametric solutions, sees a growing opportunity to bring fresh, sustainable parametric capacity to Asia, particularly within frequency layers where insurers are facing higher retentions, according to Ben Qin, Head of Asia Pacific. In an interview with Reinsurance News around the Singapore International Reinsurance Conference (SIRC), ... Read the full article
Descartes Underwriting joins ICMIF as supporting member
29th October 2025
Descartes Underwriting, a specialist in corporate parametric re/insurance solutions for climate and emerging risks, has joined the International Cooperative and Mutual Insurance Federation (ICMIF) as a Supporting Member of the global network. The firm states that it is "proud to work together with values-led insurers from across the globe to develop ... Read the full article
Descartes Underwriting appoints Sébastien Bardy as CFO
4th September 2025
Descartes Underwriting, a specialist in corporate parametric insurance solutions for climate and emerging risks, has appointed Sébastien Bardy to the newly created role of Chief Financial Officer (CFO). Bardy will report to CEO Tanguy Touffut and lead Descartes’ financial scale-up with a focus on value creation for stakeholders. He will build ... Read the full article
Descartes promotes Qin to Head of APAC and Seow to Head of SE Asia
31st July 2025
Descartes Underwriting, a specialist in corporate parametric insurance solutions for climate and emerging risks, has promoted Ben Qin to Head of Asia Pacific (APAC) and WeeBeng Seow as the Head of Southeast (SE) Asia. The parametric specialist is adopting a centralised service model to deliver consistent, regionally aligned support to its ... Read the full article
HDI Global SE and Descartes Underwriting approved to offer parametric earthquake insurance in Japan
14th July 2025
HDI Global SE’s Japan branch, part of Germany-based insurer Talanx AG, has been approved by the Japanese Financial Services Agency to introduce a parametric earthquake insurance product to the Japanese market. To create this product, HDI Global worked with Descartes Underwriting SA (headquartered in Paris, France), a provider of parametric insurance ... Read the full article
Descartes Insurance hires Hélène Martin to support Credit & Political Risk expansion
10th July 2025
Descartes Insurance, the risk-carrying subsidiary of Descartes, a specialist in parametric insurance solutions, has expanded its offerings to corporate clients and public institutions to include Credit and Political Risk Insurance (CPRI), further diversifying its business. To drive its expansion into this new line of business, Descartes has brought on Hélène Martin, ... Read the full article
Descartes expands US Flood offer with new parametric product
26th June 2025
Descartes Underwriting, a specialist in corporate parametric insurance solutions for climate and emerging risks, has launched a new fully customisable Flood-at-Location parametric flood insurance product for US commercial customers. Backed by extensive research in flood modelling and advanced sensor systems, Descartes noted that its new product upends the traditional approach to ... Read the full article
Descartes Underwriting secures investment from Battery Ventures
17th June 2025
Battery Ventures, a global technology-focused investment firm, has made a strategic investment in Descartes Underwriting, a global corporate parametric insurance specialist. The transaction was executed at a premium to Descartes’ most recent Series B valuation. It allows Battery to join the company’s shareholder base, while all existing investors retain a large ... Read the full article
Descartes Underwriting strengthens leadership with key senior hires to support growth
22nd May 2025
Descartes Underwriting, a provider of corporate parametric insurance solutions specialising in climate, cyber, and emerging risks, has revealed two important senior appointments aimed at strengthening its operations and claims functions. These new roles are designed to enhance service for brokers and clients by boosting efficiency and quality during a phase of ... Read the full article
Twelve Capital, Generali, Descartes partner on Parametric ILS Fund
3rd February 2025
Twelve Capital and Lumyna Investments, part of Generali Investments, have launched the Lumyna – Twelve Capital Parametric ILS Fund, designed to provide diversification, enhanced returns, and de-correlated performance by investing in innovative parametric insurance transactions. Backed by a prominent European institutional investor, the fund will partner with fintech leader Descartes Underwriting ... Read the full article
Descartes launches “next generation” parametric tornado coverage for solar farms
22nd January 2025
Global corporate insurer Descartes Underwriting has launched a new parametric insurance product to protect utility-scale solar farms against tornado damage. The product’s coverage leverages satellite data and cutting-edge analytics to protect investments in the renewable energy transition. Specifically, it focuses on safeguarding photovoltaic solar farms in the United States with a generation ... Read the full article
Previsico & Descartes partner to provide UK corporate parametric flood insurance
17th January 2025
Flood forecasting specialist Previsico has partnered with Descartes to offer businesses in the UK and Ireland accurate flood warnings and quick claims payments through new parametric coverage. According to Steven Hayward, IoT Systems Manager at Previsico, a third of commercial properties in the UK are at risk from flooding. "Our partnership with ... Read the full article
Blin & Lambert join Descartes to enhance underwriting in new risk classes
26th September 2024
Descartes has appointed Cyril Blin as Principal Underwriter, Technical Risks, and Benjamin Lambert as Senior Credit Underwriting Manager, Credit & Political Risk Insurance (Single Risk). According to the firm, the appointment of these two experienced insurance professionals will allow it to extend its underwriting approach into new risk classes. Both Blin and ... Read the full article
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