Covéa Insurance today announced a leadership transition for its UK operations.

Xavier Laurent

Georges De Macedo who has served as CEO since June 2023, will be stepping down from the role and returning to his native France. Xavier Laurent from Covéa Group has been appointed as his successor, pending regulatory approvals.

Xavier is a highly respected leader with a strong record of success in general insurance who aligns well with our company’s culture and values. Xavier brings extensive experience in strategic leadership and is well positioned to guide the UK business through its next phase of growth.

 Xavier has joined the Executive team and is working alongside Georges during a 3-month transition period to ensure a seamless handover and continuity. In the future, Georges will remain within the Group and continue supporting Covéa UK as a Board member providing strategic oversight for the UK business.

Georges said “I’m proud of what we’ve achieved in the UK. This achievement is attributable to the commitment and the passion of the Covéa teams as well as the valuable support provided by our partners. I have full confidence in Xavier to lead the teams and continue this success story. As a member of the Board of Covéa Insurance, I remain deeply committed to the UK business.”

Chris Moat, Chairman of the Board said "On behalf of the Board I'd like to thank Georges for his major contribution to Covéa Insurance over the last couple of years.  We are pleased that his ongoing involvement in the Covéa UK Board, will provide both insight and continuity into the future.  I'd also like to welcome Xavier to Covéa UK (subject to regulatory approval), his extensive experience will be an important ingredient to lead the company through its next phase of growth."

Xavier added “I’m thrilled to be joining such a talented team and building on the strong foundation laid by Georges. We share a collaborative vision and will work closely together to ensure a smooth transition and continued success.”

About Covéa Insurance: 

Covéa Insurance Plc is the UK underwriting business of a leading French mutual insurance group Covéa.  

As a guaranteed subsidiary of Covéa Group, Covéa Insurance Plc provides financial reassurance through its Standard & Poor’s rating ‘AA- negative outlook’. Covéa Insurance is independently accredited by the Institute of Customer Service, with a ServiceMark Distinction for its entire UK operation. It also holds Chartered Insurer status for its Commercial business. 

Covéa Insurance is signatory to the HM Treasury Women in Finance Charter and the Insurance Inclusivity Pledge, and has been named one of the top 75 employers in West Yorkshire & the Humber. Covéa Insurance is a multiple award winner in Diversity & Inclusion and Customer Champion of the Year, and for the seventh consecutive year, received 5-star accreditation in the Insurance Times Broker Service Survey for Personal Lines.