Descartes Underwriting secures Lloyd’s coverholder status through agreement with OAK Global
Jun 16th, 2026 • 5 min • View Source
Descartes Underwriting, a global provider of parametric insurance solutions, and OAK Global, a specialist risk and underwriting partner, have announced that Descartes has been granted Coverholder status at Lloyd’s, the world’s oldest insurance and reinsurance marketplace. Under a newly established binding authority agreement, Descartes Underwriting will write business through OAK Global’s Syndicate 2843, creating a […] The post Descartes Underwriting secures Lloyd’s coverholder status through agreement with OAK Global appeared first on ReinsuranceNe.ws.
Commercial risk teams are responding with tighter controls, scenario modeling, and broader collaboration across underwriting, claims, and cyber operations.
Leaders continue to prioritize resilience planning while balancing cost, coverage terms, and operational exposure in a changing market cycle.