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Allianz Trade appoints Philippe Dessèvre as global head of reinsurance

Tuesday 08 April 2025 - 11:20

Allianz Trade has announced the appointment of Philippe Dessèvre as its new Global Head of Reinsurance and CEO of Euler Hermes Reinsurance AG, effective October 1. This strategic leadership change follows the retirement of Benoît des Cressonnières, who has been with the company for nearly three decades.

Dessèvre, 56, arrives with a wealth of financial expertise, having served in various leadership roles at Allianz Trade since 2000. Most recently, he was the Chief Financial Officer for Allianz Trade in DACH—comprising Germany, Austria, and Switzerland—where he has contributed since January 2022. His prior experience includes a pivotal role as the Group Chief Risk Officer from 2016 to 2021, where he focused on developing and implementing enterprise risk management strategies.

During his tenure, Dessèvre prioritized enhancing stakeholders’ understanding of risk management and improving risk quantification to facilitate better capital management. His previous roles also include CFO and COO positions for Allianz Trade for Multinationals and Allianz Trade in France.

As Benoît des Cressonnières prepares to retire on September 30, he leaves behind a legacy marked by significant contributions since joining the group in 1997. Des Cressonnières has held several key positions, including directing reinsurance and investor relations, and serving as corporate secretary at the Paris headquarters. He has also been a member of the managing committee of the Allianz Group Reinsurance Office and recently completed his term as president of the International Credit Insurance & Surety Association (ICISA).

The appointment of Dessèvre is subject to standard regulatory approval requirements. Allianz Trade, headquartered in Paris, operates in over 40 countries with a workforce of 5,800 employees and reported a consolidated turnover of €3.8 billion in 2024, with insured global business transactions reflecting an exposure of €1,400 billion.

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