Parametric MGA Descartes Underwriting hires ILS specialist Le Roux

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Descartes Underwriting, the start-up insurance technology (insurtech) managing general agency (MGA) that focuses on parametric and data-driven risk transfer products, has hired Edern Le Roux, an ILS specialist previously from SCOR Investment Partners.

Descartes Underwriting launched recently with an ambition to utilise the insurance-linked securities (ILS) market as a source of capacity for its parametric insurance and reinsurance risk transfer products.

Hiring Le Roux gives the firm expertise and connections in the ILS investment sector, which will help it in achieving this ambition as it begins to build out a portfolio of risk.

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