Covéa Insurance further expands Small Business team

Covéa Insurance is pleased to confirm it has appointed Siddharth (Sid) Gulati to the role of small business underwriting manager as part of its commitment to develop a market-leading small business proposition.   Sid’s key responsibilities will be to lead the profitable growth of the small business product range and to ensure oversight and governance across all underwriting activity within the division.

Sid joins Covéa Insurance from AIG where he was business manager with profit and loss responsibility for a range of products including SME packages.  He also brings experience from RSA, where he held a number of portfolio management, pricing and actuarial roles.

Covéa Insurance’s Head of Small Business, Tim Grant commented:

“We’re delighted to welcome someone of Sid’s calibre to the Small Business team, especially during this exciting time of growth and development. Over the next few months we will be launching our new “best of breed” products to enhance our already strong proposition, Sid’s portfolio management and pricing knowledge and experience will be a valuable asset for us.”

The company’s continued investment in its small business team’s expertise and product range will further enhance the proposition for Covéa Insurance’s brokers, giving them access to a broader range of market-leading products via an extranet and Acturis platform. Covéa Insurance guarantees a market-leading thirty minute referral response, which brokers value extremely highly, according to independent research recently carried out.

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About Covéa Insurance

Covea Insurance Plc is the UK underwriting business of leading French mutual insurance group Covéa, who are number 1 for property and liability insurance in France, generating over 17.4 billion Euros in premiums in 2019.  

Covéa Insurance looks after the insurance needs of over 2 million policyholders; delivering financial reassurance through its Standard & Poor’s ‘AA- stable’ rating, as a guaranteed subsidiary of Covéa. 

The company offers motor, household, protection, pet, mid and high net worth insurance and a range of commercial insurance products, through a range of distribution channels.

Employing over 1900 people, Covéa Insurance has a strong people and service ethos.  It 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.

Recently, Covéa Insurance were named as the Best Place to Work in Digital (Large Organisations) at the Digital Technology Leaders Awards.  They were also recipients of the Staff Empowerment Award at the Diversity & Inclusion in Insurance Awards, and the High Net Worth Product of the Year Award at the Insurance Times Awards.  They also received the Diversity Award at the British Insurance Awards.  They are currently shortlisted for 4 Insurance Times Awards.