Wefox, the Germany-based digital insurance company, has appointed the former chief executive officer of Cosmos Direkt, Dr David Stachon, as its new chief operating officer.
Stachon takes up his position on 1 July and will focus on driving the company’s global growth strategy.
The move comes after wefox recently announced its record Series C investment round of $650 million, which gave the company a post-money valuation of $3 billion.
Julian Teicke, chief executive officer and founder of wefox, says: “When we announced our record-breaking Series C earlier this month, we were very clear about our intentions. We will invest in technology and growing our global footprint. Wefox will be the number one personal insurer within a decade.”
“David’s appointment demonstrates our commitment to achieving these goals. I am confident that with his experience and expertise in insurance and digital technology, he will deliver on our objectives.”
Stachon says: “I am delighted to be joining wefox at such an exciting time and just off the back of a huge Series C investment round. Wefox is already disrupting the industry and is clearly reinventing insurance. Insurance was created to be a force for good. It was all about people taking care of people.”
“At wefox, that’s what insurance is once again. Using technology we make insurance about preventing risk and keeping people safe. I am determined that we will do more of that for more people around the world.”