WEFOX APPOINTS JOACHIM MÜLLER AS CEO

Zurich, 19 September 2024 - wefox Holding AG today 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.

Joachim Müller is a highly experienced leader in the retail and commercial insurance industry with particular expertise in business transformation and digitalization in multinational markets. He 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).

Mark Hartigan commented: “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".

Joachim Müller commented: “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.”

The Board would like to thank Mark Hartigan for stepping into the interim CEO role earlier this year and executing important business changes. Under his executive leadership, wefox successfully streamlined its operations, and made key strategic decisions to focus on core businesses that promise long-term value and sustainability. These changes have better positioned wefox for future profitable growth. Mark will further support the own carrier wefox Insurance AG where wefox remains fully committed to all its regulatory duties.

This moment represents an important milestone for wefox, as it transitions into a new phase of profitable growth. The Board of Directors and its supporting investors remain steadfast in their commitment to the long term success of the company.