Paris, 25 September, 2024: Descartes, a world leader in corporate parametric insurance solutions for climate, cyber, and emerging risks, today announces the appointment of two experienced insurance professionals to explore the potential for extending Descartes’ underwriting approach into new risk classes.
Cyril Blin has been appointed Principal Underwriter, Technical Risks. After seven years in underwriting roles at French commercial insurer Albingia, Cyril spent the past 19 years at AXA France as Technical Risks Expert Underwriter and national referent for machinery breakdown, construction equipment, and affinity insurance. He brings extensive knowledge of a wide spectrum of engineering risks to Descartes.
Benjamin Lambert has been appointed Senior Credit Underwriting Manager, Credit & Political Risk Insurance (Single Risk). He joins Descartes from Coface, where he spent nearly eight years underwriting large credit risks, ultimately as the specialist carrier’s Deputy Head of Credit and Political Risk Insurance. His knowledge and experience of structured and project finance risks span the globe.
Both underwriters join Descartes’ Strategy & New Business Division, established to explore potential opportunities for development and diversification leveraging its unique underwriting model. Their skills support Descartes’ ambition to lead a new generation of corporate insurance products. The company is at the vanguard of insurance-sector deployment of AI and data analysis for better modeling, assessing, and managing emerging and traditional risks
Tanguy Touffut, co-founder and CEO of Descartes, says: “Cyril and Benjamin’s extensive specialty insurance experience adds invaluable expertise to Descartes’ unique corporate insurance modeling and pricing approach. It will enable us to develop innovative products and deliver greater value to our clients, giving them the best of both worlds: traditional insurance and risk knowledge, alongside our market-leading scientific approach to underwriting.”
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About Descartes
Descartes is a global corporate insurer that collaborates with brokers to protect their corporate and public sector clients against climate, cyber and other emerging risks. At the forefront of AI and Data analysis, Descartes utilizes cutting-edge technology combined with a new generation of data sources, to model, assess and manage risks.
Offering a full range of insurance products, including cost-effective and fully transparent parametric solutions with predefined and swift claims payouts, Descartes has already provided over $10 billion capacity to its clients through corporate brokers.
With a global footprint and strong U.S. presence, Descartes serves a diverse portfolio of clients in more than 60 countries, with 17 offices spread across Europe, Asia-Pacific, Latin & North America.
The Descartes group comprises Descartes Insurance, a full-stack insurer operating in several European countries, and Descartes Underwriting, a global MGA backed by a panel of tier-one risk carriers. The company has been financed with over $141M by investors including Highland Europe, BlackFin, Serena, Cathay and Eurazeo.
