Covéa Insurance makes key Commercial and High Net Worth appointments

30th July

Covéa Insurance has announced a number of leadership appointments in its Commercial Lines and High Net Worth team, as an important step towards the integration of the Covéa Insurance and Sterling Insurance Group businesses.

The latest appointments follow on from the announcement of the new Executive team for the enlarged organisation, made on 1st June, when the company also committed to capitalising on the strengths of both businesses and the combination of their product ranges, distribution channels and locations.

The key appointments to the Commercial Lines & High Net Worth team, which is led by Simon Cooter, include: James Guthrie (Sterling Insurance), who takes responsibility for Distribution and Broker Development; Keith Hector (Covéa Insurance) who will lead Regional Operations; Sara Simmons (Sterling Insurance) who will head up the High and Mid Net Worth team; and Paul Hodgson (Covéa Insurance) who will lead Commercial Underwriting.

Speaking about the appointments, James Reader, Covéa Insurance Chief Executive, comments:

"We’re fortunate to have an impressive and capable team in both Covéa Insurance and Sterling and are committed to harnessing those talents as we create a bigger, stronger combined business that continues to meet our partner brokers’ needs and expectations. Delivering a compelling proposition for our partner brokers, underpinned by great service, remains our absolute priority and I have absolute confidence that Simon and his senior team will continue to build-on the great relationships we enjoy with our key partners, and develop new opportunities."

Sterling Insurance Group was acquired in February 2015 by Covéa Insurance’s parent, Covéa Group. The intention is to transfer the insurance business of Sterling Insurance Company Ltd into Covéa Insurance plc, through an insurance business transfer under Part VII of the Financial Services and Markets Act 2000, and the company remains hopeful that, subject to high court approval, the transfer can be completed by the end of 2015.

 

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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 and served 11.5 million policyholders, generating over 16.3 billion Euros in premiums in 2016.  

Covéa Insurance handles the insurance needs of 1.5 million policyholders; delivering financial reassurance through its Standard & Poor’s A+ stable rating, as a guaranteed subsidiary of Covéa. 

The company offers motor, household, protection, mid and high net worth insurance and a range of commercial insurance products, designed to meet the needs of most individuals and businesses. Employing over 1500 people, Covéa Insurance has a strong people and service ethos, having Investors In People Gold accreditation and featuring in the 2015 and 2016 Sunday Times Top 100 Mid-sized Best Companies to Work For. It also has World Class service accreditation from the Institute of Customer Service for its Motor Claims, Home Claims and Underwriting Services teams as well as Chartered Insurer status for its Commercial and Mid/High Net Worth business.

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