Covéa Insurance appoints a new Chairman and CEO

16th June 2023

Thierry Francq will hand over the chairmanship of the Board to Chris Moat, as of July 1st, subject to PRA approval. Chris has been running as an Independent Non-Executive Director for Covéa since March 2021. Thierry remains a member of the Board of Directors.

Adrian Furness has decided to step back as CEO of Covéa UK businesses, and is leaving Covéa. Adrian has been with Covéa since 1995 and we would like to thank him for his continued commitment and contribution to the business over this time.

Georges de Macedo has been appointed to the position of CEO of Covéa Insurance with immediate effect*. Georges, who has held senior positions within international Groups and benefits from more than fifteen years of experience in the insurance sector, is well placed to lead the activities of Covéa in the UK.

Thierry Francq said “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.”

Chris Moat said “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.”

Georges de Macedo said “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.”

*Georges de Macedo is appointed CEO of Covéa Insurance Plc, Covéa Life Limited and Covéa Insurance Services Limited, subject to PRA and FCA approval.




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.

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