Wefox appoints new CEO

German insurance startup Wefox announced the appointment of Joachim Müller as CEO with immediate effect. Mark Hartigan, who has served as both Chairman of the Board and “interim CEO” during the recent restructuring, will continue in his role as Chairman.

It was reported that Wefox was looking to replace Hartigan after the German insurance startup’s board rejected a proposal by its largest stakeholder, Mubadala, to sell the company to UK insurance broker Ardonagh. Hartigan was named CEO named Executive Chairman and Chief Executive Officer (not interim CEO) in March.

Müller was previously CEO of Allianz Global Corporate & Specialty SE and CEO of Allianz Commercial where he was responsible for bringing together Allianz’s Commercial insurance businesses under one global model. Prior to that, he was CEO of Allianz Versicherungs-AG (the Property & Casualty insurer of Allianz Germany) and CEO of Allianz ABV (Allianz Beratungs- und Vertriebs-AG, the sales company of Allianz Germany).

“We are very pleased to have gained such an experienced insurance manager like Joachim Müller for wefox. We are confident that together we can create the basis for a successful and sustainable future for our company. I welcome him to the wefox family and look forward to working with him.” – Mark Hartigan.

“Together with the team, we will now focus on building the right foundations to scale our business in Europe. Our future strategy is based on a strong customer proposition and trusted relationships with our sales and insurance partners. I look forward to taking the next steps with the wefox team, our investors, partners, and customers.” – Joachim Müller.