Descartes Underwriting, a global leader in corporate parametric insurance solutions, has appointed Sébastien Bardy, a seasoned insurance industry veteran with over 20 years of experience, as its new chief financial officer (CFO).
The company also announced that Chloé Duval, previously head of finance, will transition to the role of deputy CFO, while chief operating officer Violaine Raybaud will focus solely on operations and Descartes Insurance, according to FF News.
Descartes Underwriting specialises in providing innovative parametric insurance solutions tailored to corporate clients, addressing climate-related and emerging risks.
Leveraging advanced technology and data-driven underwriting, the InsurTech firm delivers customised insurance products that enhance risk management for businesses worldwide. Its forward-thinking approach positions it as a leader in the global InsurTech market, with a focus on scalability and financial resilience.
Bardy steps into the newly created CFO role, where he will oversee Descartes’ financial strategy, including corporate structure, financial analysis, tax, and international platform development.
Reporting directly to CEO Tanguy Touffut, Bardy will drive value creation for stakeholders.
Duval, as deputy CFO, will focus on financial projects and corporate finance, supporting Bardy and the broader finance team. Violaine Raybaud, relieved of her finance responsibilities, will concentrate on operational excellence and growth within Descartes Insurance.
Bardy brings extensive expertise from senior roles at Allianz, where he served as head of planning & controlling for global lines, Asia, and Anglo markets.
His career also includes stints at Deloitte, Natixis, and PwC, where he honed skills in accounting, capital management, and mergers and acquisitions. His experience positions him to lead Descartes’ financial scale-up effectively.
The creation of a dedicated CFO role underscores Descartes’ commitment to scaling its operations and strengthening its financial framework.
Descartes Underwriting CEO Tanguy Touffut said, “I am delighted to welcome Sébastien to the management team. He will optimise our investment strategies, but also further strengthen our strong financial performance and management capabilities overall. He will be instrumental in the achievement of our long-term objectives.”
Descartes Underwriting chief financial officer Sébastien Bardy said, “I am excited to join Descartes as they create a major new, global commercial insurer with a technology-backed approach to underwriting based on the underlying risk. The founders’ vision of a company which takes maximum advantage of new approaches to risk transfer puts me at the vanguard of the future of insurance.”
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