Simon Cooter to leave Covéa Insurance in 2019

23rd October 2018

Covéa Insurance has today announced that Simon Cooter will be stepping down from his role as Commercial Lines & HNW Director, and leaving Covéa Insurance, in 2019. His decision is driven by a desire to change the pace of his working life, creating time for him to do different things.

Simon joined Covéa Insurance in early 2013 and has played a critical role in leading the development and growth of its Commercial & HNW business, as well as contributing to the wider company through his role on the Executive Committee and Board.

Commenting on the news, James Reader, Chief Executive said “Simon has been an important member of the Covéa Insurance team since joining us in 2013.  Under his leadership, the Commercial & HNW business has grown into a £270m GWP operation with a strong team delivering fantastic service to its partners and customers. We will be very sorry to see him go but he and I are equally keen to ensure a smooth transition for our people and customers and, with that in mind, we have agreed not to set a specific date for his departure at this stage, other than to confirm that it will be at some point in 2019.  This will give us the time to make sure that we identify the right person to take over from Simon, and to manage an effective handover of his responsibilities.  Until then, I’m pleased to say that it will be very much business as usual and I know that Simon remains as committed to the success of Covéa Insurance and to delivering to our Commercial & HNW partners and customers as ever.”

Speaking about his decision, Simon has said “leaving Covéa has been a really tough decision. It’s a great business with great people and I think that together we have built a fantastic reputation for delivering fantastic service and being a company that our partners love doing business with. If I had wanted to carry on running a Commercial Lines & HNW business it would be here, but I have always had an idea that I wanted to change pace when I reached 55 (which I do in January, sadly!) and that is exactly what I am going to do. I hope to find different things to do that will mean working significantly fewer days than I do currently. It’s exciting and scary at the same time!  Whatever I do next I will watch the next stages of the Covéa journey closely and I’ll be wishing you all the continued success that you deserve.

Simon Cooter

 

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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 16.9 billion Euros in premiums in 2018.  

Covéa Insurance looks after the insurance needs of over 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, pet, mid and high net worth insurance and a range of commercial insurance products, through a range of distribution channels. Employing over 1800 people, Covéa Insurance has a strong people and service ethos, having Investors In People Gold accreditation and is signatory to the HM Treasury Women In Finance Charter. 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 2018, Covéa Insurance were recipients of the Personal Lines Insurer of the Year award at both the British Insurance Awards and the Insurance Times Awards and was the top rated insurer in the Insurance Times Broker Service Survey for both Personal and Commercial Lines.

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