Reinsurance News
Descartes Underwriting
Descartes expands U.S. presence with new offices, makes key global appointments
27th June 2024
Global corporate insurer Descartes Underwriting has expanded its U.S. presence with new offices in Scottsdale and Richmond while also making a string of key appointments to support growth worldwide. "Now with more than 200 employees worldwide, Descartes Underwriting's new branches in Scottsdale, Arizona and Richmond, Virginia add to its physical presence ... Read the full article
Paul Jones takes charge of Lockton UK’s specialised Parametrics Practice
7th June 2024
Insurance brokerage Lockton has appointed Paul Jones as the leader of Parametric Solutions for the UK & Europe in its Property & Casualty (P&C) Specialties division. Jones commented: “I am thrilled to be joining Lockton to develop its Parametric proposition to clients. It is a really exciting time to come on ... Read the full article
Descartes names parametric veteran Matthew James Commercial Director-UK & Ireland
29th May 2024
Descartes Underwriting, a Paris-based managing general agent (MGA) focused on parametric insurance solutions, has appointed Matthew James as its new Commercial Director – UK & Ireland. He will be taking over the role from Paul Jones, who is leaving Descartes after nearly three years to pursue other opportunities. In his new role, ... Read the full article
Descartes launches cyber risk parametric solution in France
1st February 2024
Insurtech Descartes has announced the launch of Cyber Shutdown Cover, a parametric solution dedicated to cyber risk in France. This new solution demonstrates the firm's ambition to gradually extend its scope to emerging risks beyond just natural hazards. "Our research team - which is constantly expanding - is also working on other ... Read the full article
Marlène Luce to lead Descartes’ Strategy & New Business department
27th September 2023
Parametric insurtech Descartes Underwriting, has appointed Marlène Luce as Head of Strategy & New Business. Luce is to lead Strategy & New Business, to identify and launch new growth drivers while maintaining Descartes’ data-driven, cartesian philosophy: leverage strong tech and modelling skills to build solutions in areas where data and algorithms ... Read the full article
Descartes Underwriting names UK & Ireland Business Development Director
18th September 2023
Insurtech Descartes Underwriting has announced the appointment of Ola Jacob to the role of UK & Ireland Business Development Director. The insurtech is structured as a managing general agency (MGA) specialised in parametric and data-driven risk transfer products. Its parametric covers are especially attuned to offering a new form of balance ... Read the full article
ARC & Djibouti government ink agreement to shield climate-vulnerable communities
16th March 2023
The African Risk Capacity Group and the Government of Djibouti have signed the first-ever multi-year, multi-peril agreement on the African continent to protect the most climate-vulnerable communities. The agreement means that Djibouti now has access to five years of disaster risk management capacity building and disaster risk insurance coverage offered by ... Read the full article
Descartes launches full-stack insurer in France
13th December 2022
Descartes Underwriting, an MGA focused on climate risk insurance products, has announced the launch of Descartes Insurance, a full-stack insurer licensed to underwrite risk by the French Regulator (ACPR). Backed by a panel of A-rated risk carriers, Descartes Insurance is now able to issue policies directly to mid-market clients in France, ... Read the full article
Descartes Underwriting appoints Louis Bollaert as Chief Revenue Officer
23rd November 2022
Descartes Underwriting, an insurtech company specialising in corporate insurance solutions to address climate and emerging risks, has appointed Louis Bollaert as Chief Revenue Officer. Within this role, Bollaert will oversee expanding Descartes’ corporate offering to climate-exposed markets globally. At the same time, as Descartes reaches advanced stages of new product development, Bollaert ... Read the full article
Descartes looks to expand its parametric offering with new German office
18th August 2022
Descartes Underwriting, an insurtech company specialising in corporate insurance solutions to address climate and emerging risks, has opened its office in Frankfurt to drive collaboration with DACH based brokers and clients. With this launch, Descartes seeks to expand its parametric offering to markets throughout Germany, Austria, and Switzerland. Tanguy Touffut, Descartes’ CEO ... Read the full article
Descartes & Reask partner on AI-powered parametric cover
28th February 2022
Descartes Underwriting, a parametric-specialized provider of corporate insurance against nat cat and climate risks, has formed a new partnership with Reask, a tropical-cyclone risk analytics firm. The collaboration aim to expand parametric cyclone insurance into new locations by combining wind data from Reask with Descartes’ ability to incorporate new technology into ... Read the full article
Descartes hires Beeg as Business Development Manager, NA
9th February 2022
Descartes Underwriting, an insurtech company specializing in corporate insurance solutions to address climate and emerging risks, has announced the appointment of Brendan Beeg as Business Development Manager for North America. Based in Denver, Colorado, Beeg’s responsibilities will include all aspects of sales and distribution management, as well as strategy for brokers ... Read the full article
Descartes plans expansion after $120m capital raise
31st January 2022
Descartes Underwriting, an insurtech company specializing in corporate insurance solutions to address climate and emerging risks, has announced a $120 million Series B funding round. Growth equity firm Highland Europe led the raise alongside international investment company Eurazeo, with participation from existing investors Serena, Cathay Innovation and Blackfin Capital Partners and ... Read the full article
Descartes partners with Global Earthquake Model Foundation
19th November 2021
Climate risk modelling insurtech Descartes Underwriting has partnered with the Global Earthquake Model (GEM) Foundation. GEM Foundation is an international public-private partnership committed to the development of open-source hazard and risk assessment software, tools and data. The collaboration aims to accelerate the ‘data to resilience’ continuum by leveraging Descartes’ parametric insurance solutions ... Read the full article
Descartes opens London office, appoints AXA XL’s Paul Jones to lead
1st November 2021
Climate risk modelling insurtech Descartes Underwriting has opened a London office to be led by Paul Jones as business development director - UK & Ireland. Jones brings 20 years’ experience to the role and most recently served at AXA XL. He will now look to expand Descartes’ parametric insurance coverage within both ... Read the full article
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