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Cartan Trade announces a reorganisation of its shareholding structure and the completion of a €9 million capital raise to accelerate its technological and international development. This change in shareholding reflects renewed investor confidence in Cartan Trade’s potential and further strengthens the presence of major insurance players in its capital structure.
Cartan Trade is entering a new strategic phase, now backed by two key shareholders: SCOR, through its fund SV One SAS, and Intact Corporation financière (TSX : IFC), with the continued support of Bpifrance through its fund Large Venture. Quattro Holding, a founding shareholder instrumental in the creation of Cartan Trade, has sold its stake to Intact, the Canada’s largest general insurance provider, one of the world’s leading specialty insurance providers, and a leader in commercial insurance in the United Kingdom and Ireland.
Cartan Trade extends its gratitude to Quattro Holding for its support from the outset, which enabled the company to achieve key strategic milestones in its development, particularly through its expertise in IT architecture and the design of a comprehensive risk underwriting system.
“These developments mark a decisive milestone for Cartan Trade. With SCOR and Intact as our principal shareholders, we are entering a new acceleration phase to deliver on our roadmap, expand our capabilities, and further support the needs of our clients and broker partners”, said Sébastien Guidoni, CEO of Cartan Trade.
Cartan Trade positions itself as an alternative player in the credit insurance market, distinguished by its agile, simple, and innovative insurance solutions, tailored to every business need and designed to support the commercial growth of companies of all sizes.
Initially focused on SMEs, the company has successfully broadened its client base to include banks, financial institutions, mid-sized companies and large corporates, on which it now intends to capitalize on.
Sustained growth prospects and strong financial performance
Backed by solid growth prospects and a renewed governance structure, Cartan Trade expects to close 2025 with a 30% increase in premiums, reaching €40 million, while maintaining a controlled loss ratio ; a remarkable performance in the current economic climate and within an oligopolistic market. The company’s portfolio now includes 400 active policies and €12 billion in committed cover across a diversified range of sectors.
An ambitious geographic expansion strategy
Already present in France, the United Kingdom, the Benelux, and Italy, Cartan Trade continues its international expansion. Its next strategic priorities include the London Market, Spain, and Northern Europe, supported by strong, long-term partnerships with specialized brokers and the expertise of its underwriting teams.
“Tech” as a growth driver
In its scale-up phase, Cartan Trade is deploying an ambitious digital roadmap, integrating automation and digitalisation throughout the customer journey to enhance user experience and service quality. Future developments will focus on leveraging data and emerging technologies to build proprietary underwriting and risk monitoring tools, which form the cornerstone of performance for a modern credit-insurer.