Analysis

Covéa Insurance does not want to ‘rush and fail’ growth after 2023 job cuts – Georges de Macedo

By 2024-11-29T08:00:00

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Despite falling nine places in this year’s Top 50 Insurers report, published by Insurance Times and Insurance DataLab, insurer chief executive believes ‘growth is not difficult’ to achieve

Covéa Insurance has experienced a drastic drop in 2024’s Top 50 Insurers report, published by Insurance Times in October 2024, falling nine places to now sit in the lower half of the ranking at number 38.

However, the firm’s chief executive – Georges de Macedo – explained that the insurer’s “significantly” decreased gross written premium (GWP) for 2023/24 “was part of our strategy, was anticipated and was done on purpose”.

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