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      <p>
        wefox, a German digital auto and home insurer, has appointed Mark Hartigan as its new executive chairman and chief executive officer (CEO).
      </p>
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      <p>
        Hartigan joined wefox as chairman of the board in 2023 and will continue to contribute to wefox's long-term vision and growth.
      </p>
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      <p>
        Former CEO and co-founder Julian Teicke will transition into the non-executive role of president while retaining the position of vice chair of the board of directors after nine years of leading wefox.
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  <p>
    <a href="https://media.wefox.com/235434-julian-teicke-to-transition-to-role-of-president-on-the-board-of-directors-mark-hartigan-appointed-executive-chairman-and-ceo">
      Press release
    </a>
  </p>
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Neo Insurance

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 <p>German digital auto and home insurance firm, wefox, has named Mark Hartigan as its new executive chairman and CEO. Hartigan previously joined wefox as board chairman in 2023, and will contribute to the company's long-term vision and growth.</p>
 <p>Julian Teicke, wefox's former CEO and co-founder, will transition to a non-executive role as president but will maintain his position as vice chair of the board of directors, following nine years at the helm of the company.</p>
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wefox appoints Mark Hartigan as executive chairman and CEO

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     <p>wefox, a German digital auto and home insurer, has appointed Paul Onnen as chief technology officer (CTO), succeeding Sergi Banos, who now serves as chief platform officer (CPO).</p>
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     <p>In this role, Onnen will lead the wefox platform business strategy, managing its development, implementation, and operations.</p>
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     <p>Paul Onnen has over 30 years of expertise in creating, directing, and launching B2B and B2C SaaS platforms and products for leading enterprises including Google, Amazon, and Expedia.</p>
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wefox appoints Paul Onnen as CTO

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DISRUPTOR_PRESENT

<div>
 <ul>
  <li><p>Wefox, a German digital auto and home insurer, has secured an additional USD 55 million in convertible debt funding from Deutsche Bank and Unicredit. The company has raised USD 160 million in funds this year, bringing its total funds to USD 1.5 billion.</p></li>
  <li><p>The company aims to use the fresh funds to accelerate its global expansion plans and to undertake strategic M&amp;As.</p></li>
 </ul>
</div> <p><b>Analyst QuickTake: </b> In August 2023, Wefox announced a change in its <a href="https://sp-edge.com/updates/20785"> strategy </a> , pivoting its focus toward its distribution business while reducing its carrier activities. Hence, future M&amp;As could see it adding businesses to complement and strengthen its distribution arm, Affinity. Furthermore, this round comes on the heels of its <a href="https://sp-edge.com/updates/18630"> Series D </a> funding round (May 2023), which valued the company at USD 4.5 billion and consisted of USD 55 million in equity and an additional USD 55 million in a revolving credit facility.</p>

All Updates

wefox appoints Mark Hartigan as executive chairman and CEO

wefox appoints Paul Onnen as CTO

Wefox raises USD 55 million in debt funding

Wefox seeks to expand brokering servings in new strategy

Wefox raises USD 55 million in Series D extension round; secures additional USD 55 million credit line

Wefox launches global affinity business to expand its distribution

Wefox reportedly in talks to raise USD 50 million in debt

Wefox appoints Dr. Günther Blaich as country head in Germany

Wefox raises USD 400 million in Series D funding

Wefox in discussions to raise fresh funds at valuation of USD 5–6 billion