John Blundell to leave Covéa Insurance

4th April

Covéa Insurance is today announcing that John Blundell, the company’s Deputy Chief Executive, will be leaving the business at the end of May.

John joined Sterling Insurance Group as Managing Director in 2006 and has made an enormous contribution to the development and success of the business over the last ten years, up to and including its acquisition by Covéa in February 2015.  He led the group to become a highly-respected player in all of the markets in which it operates and, in particular, one which is renowned for the exceptional quality of service which it delivers to its brokers, partners and customers.  Since the acquisition, he has played a key role in the creation of a combined business which builds on the strong foundations of Covéa Insurance and Sterling to create something even better than the sum of its parts.

James Reader, Chief Executive, said:

“I would like to take this opportunity to thank John for his invaluable contribution to Sterling, and for the help and support he has given me over the last year.  He has been a fantastic leader of Sterling for many years and will leave us with our thanks and very best wishes for the future.”

John Blundell said:

“I have enjoyed a wonderful 10 years at Sterling and, more recently, Covéa Insurance and I know that I am leaving an incredibly strong combined business with a really exciting future.

“Throughout those 10 years I have had the privilege of working with some fantastic colleagues and clients and I am proud of what we have achieved together. The support, commitment and friendship I have enjoyed with so many of the people I have worked with will stay with me forever and I would like to thank everyone for what they have done in helping me build a very special business.

“Finally, I'd like to thank James and the team for bringing the businesses together so successfully and I have no doubt that Covéa Insurance will continue to go from strength to strength.”

 

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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 16.4 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.

In January 2016, Sterling Insurance Company Limited became a fully integrated part of Covea Insurance Plc, following a Part VII transfer under the Financial Services and Markets Act. 

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