wefox, an Insurtech firm, has announced the appointment of Mark Hartigan as its Executive Chairman and Chief Executive Officer.
Julian Teicke will be transitioning into “the non-executive role of President, and remain Vice Chair of the Board of Directors after nine successful years of steering wefox’s growth and establishing it as a category-defining insurtech company.”
Mark Hartigan, who joined wefox “as Chairman of the Board in 2023, will continue to pursue wefox’s long-term vision of revolutionizing the insurance industry with a dedicated focus on delivery, while leading the company’s next phase of growth alongside senior members of the current Executive Committee.”
Teicke, who co-founded and built the company “almost a decade ago, will maintain his involvement in wefox’s strategic direction, while also allocating a greater portion of his personal capacity to other business ventures.”
Under Teicke’s leadership, wefox has “grown into a world-leading insurtech integrating technology with distribution capabilities.”
The company serves almost three million customers across several European markets.
Commenting on his new role at wefox, Teicke said:
“After almost nine very intense and exciting years with wefox, I have decided to transition to the role of President on the Board and focus more on overall strategy. It allows me to maximize my impact for wefox while enabling me to dedicate more time and energy to my big passion: supporting founders in building up their own ventures and giving them the liberty to dream big to build industry leading ventures. After driving growth for many years and setting the business on the path to profitability together with our incredible wefox team, I am convinced that the time has now come to make way for new leadership with a focus on the delivery of the strategy. I have worked closely with Mark over the last months and am convinced that he is the right person to take the company to the next level. I look forward to continuing our close collaboration in the years to come.”
Hartigan added:
“I’m excited to continue to work closely with Julian in his new role as President on the Board of wefox. With his entrepreneurial mindset, his unstinting personal commitment, and together with his founding partners, he built the company from scratch and turned it into a driver of innovation in the insurance industry.”
Hartigan is an experienced Executive and Chairman.
Previous appointments include “being CEO at LV= and Head of Operations for Europe Middle East and Africa at Zurich Insurance Group. He was CEO for Zurich Global Life in the Asia Pacific and Middle East region, and also led their regional business in Europe. Mark began his Financial Services career as a broker. He holds a Masters degree from King’s College London.”
wefox was founded in 2015 “by Julian Teicke, Fabian Wesemann, and Dario Fazlic.”
wefox is an insurtech driven by a single purpose:
Empowering Insurance – driving the digital transformation of “the insurance industry and facilitating seamless collaboration among all stakeholders.”
In March 2024, Mark Hartigan was “appointed CEO of the wefox Group to lead the company into the next growth phase.”
Since its founding in 2015, the company has annually “increased its revenue and achieved $800 million in 2023. wefox currently has nearly 3 million customers in its markets of Germany, Austria, Italy, Poland, the Netherlands, and Switzerland.”
In May 2023, wefox expanded its Series D financing “by $55 million and secured an additional RCF of $55 million from J.P. Morgan and Barclays.”
The company is valued at $4.5 billion.