Boost to paternity pay for Covéa dads

Covéa Insurance is delighted to announce it is enhancing its paternity pay and will start offering six weeks fully paid leave for dads of new babies born after 1 February 2020.  The company believes this will enhance its ability to attract and retain talented people and help promote workplace inclusion.

Speaking about the newly introduced benefit, Covéa Insurance People Director, Lisa Meigh comments:

“We know that many dads want to take time off to be involved with caring for their new-born babies, but that family finances can put pressure on the length of time they take.  By increasing paternity leave to six weeks’ full pay, new dads working at Covéa Insurance will be able to focus fully on their new baby and partner during the crucial first stage of their child’s life.”

This change promotes workplace equality by aligning company’s paternity leave with the first six weeks of its maternity policy and has been greeted positively by both mums and dads in the business. 

Expectant Covéa dad, James Tucker, said “It was an amazing feeling finding out that Covéa will now offer six weeks full pay for new dads; this will allow me to fully enjoy the early stages of my baby’s life without having to worry about the financial pressure of returning to work quickly to support my new family.”

Covéa Insurance prides itself on being a great place to work.  The company believes this progressive change demonstrates its values as a flexible, family-friendly employer and is in keeping with the company’s broader strategic vision to use its positive workplace culture to attract, recruit and retain talented people who will help drive its ambitious growth plans.

Meigh concludes:  “I believe this change sends a really strong message; it says we want to support our employees on whom our future growth and success relies, and is a major step forward in promoting workplace and parenting equality.”

Covéa Insurance is one of the insurance companies that has pledged support to the ABI’s voluntary commitment to make information about parental policies and pay more transparent by publishing details of them on its website. This will enable families to make informed decisions about work and how they can balance that with being a parent.

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About Covéa Insurance

Covéa Insurance Plc is the UK underwriting business of leading French mutual insurance group Covéa (which includes the global reinsurer PartnerRe since July 2022). 

Covéa Insurance looks after the insurance needs of UK customers, across a range of product lines; delivering financial reassurance through its Standard & Poor’s ‘AA- stable’ rating, as a guaranteed subsidiary of Covéa.  

Covéa Insurance has a strong people and service ethos and holds ServiceMark accreditation with Distinction for its Personal Lines operation and its Commercial & HNW Claims teams, as well as Chartered Insurer status for its Commercial business. Covéa Insurance is signatory to the HM Treasury Women in Finance Charter and the insurance Inclusivity Pledge and has been named one of the top 75 employers in West Yorkshire & the Humber. In 2022 Covéa Insurance was named Insurer of the Year at the British Claims Awards and Personal Lines Insurer of the Year at the Insurance Times Awards.