wefox appoints new Non-Executive Director and Chair

The Berlin-based insurtech, wefox, has appointed a new Non-Executive Director and Chair of its Audit Committee. 

Helen Heslop, a former internationally experienced finance director, brings more than 20 years of financial services experience to the role, from across banking and insurance sectors, which include PWC, GE Capital, and Aviva.

Her appointment, which starts with immediate effect, is the latest in a line of recent Board announcements by Wefox, which includes Prince Maximilian von und zu Liechtenstein and former Klarna executive, Hanna Jacobsson.

Founded in 2015, wefox offers a wide range of insurance products via a combination of in-house and external brokers. The insurtech bypasses the direct-to-consumer model. 

According to reports, its revenues reached $320mn in 2021. And within Q1 of 2022, it generated more than $200mn in revenues.

Earlier this year, wefox also successfully closed a series D round of US$400mn, giving the company a post-money valuation of US$4.5bn.

Wefox invests in building talented leadership team

Speaking about the latest appointment, Julian Teicke, CEO and Founder of wefox said: “We have always had a clear purpose at Wefox – to keep people safe. To achieve that we have a team of brilliant people.  It’s a pleasure to welcome Helen to that team. Her financial experience will without a doubt come into its own as we maintain our focus on sustainable growth and profitability.”

Heslop commented, “I love the vision and the ambition at wefox. It’s exciting to join a company that has a clear strategy of how to improve the insurance experience through technology.”

She added, “ I am looking forward to playing my part in the ongoing success of the business.”