Covéa Insurance has announced that Georges de Macedo has been appointed as the CEO of Covéa Insurance with immediate effect. The announcement comes after Adrian Furness has decided to step back as CEO of Covéa UK businesses and is leaving Covéa after being with the company since 1995.
de Macedo has previously held senior positions within international Groups. He is a market veteran with more than fifteen years of experience in the insurance sector. He is well-placed to lead the activities of Covéa in the UK.
de Macedo commented, “I am delighted to take the lead of Covéa activities in the UK and honoured by the trust the Board of Directors has placed in me. The Executive Committee and I are determined to accelerate the transformation of Covéa Insurance and to seize new opportunities in both personal and commercial insurance markets.
“The DNA of Covéa Insurance is to serve our clients and I firmly believe that we are well-positioned to meet the demands of all stakeholders, thanks to our high quality service and extensive talent pool. In addition, the company benefits from the financial strength of the Covéa Group.”
Subsequently, Thierry Francq will hand over the chairmanship of the Board to Chris Moat, as of July 1st, subject to PRA approval.
Moat has been running as an Independent Non-Executive Director for Covéa since March 2021. Francq is to remain a member of the Board of Directors.
Francq commented, “On behalf of the Board, I warmly thank Adrian for his commitment and dedication to Covéa. We wish him all the very best for the future. The Board of Directors and our shareholders are confident that Georges has all the qualities necessary to guide the company going forward and build on its strengths. We wish him every success.”
Moat added, “I congratulate Georges in his new role as CEO. Against a challenging macroeconomic environment, the company is focused on delivering an ambitious transformation agenda. I look forward to taking up the position of Chair from Thierry, and to working with the new Executive team and my Board colleagues in the delivery and development of this agenda, which will build on the Company’s strengths.”
