’His extensive knowledge of insurance and reinsurance will provide a great foundation to lead the company through its next phase,’ says chairman
Covéa Insurance UK has appointed Philippe Domart as its new chief executive.
Domart will succeed Xaiver Laurent, who had been appointed to replace Georges De Macedo in September 2025.
A Covéa spokesperson told Insurance Times that ”Laurent moved on late last year”. Specific details around his departure are not known.
Domart is set to take up the role on 1 April 2026.
Experience
Domart has more than 20 years’ experience across global insurance and reinsurance markets.
Read: Covéa Insurance does not want to ‘rush and fail’ growth after 2023 job cuts – Georges de Macedo
Read: Covéa Insurance extends strategic plan to 2028 as De Macedo prepares to hand over UK reins
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He has held senior roles at Partner Re and more recently within the commercial business unit at MMA in France.
His latest move, which is subject to regulatory approval, will see Domart relocate to the UK to be closer to Covéa UK’s teams and partners.
De Macedo, meanwhile, will remain within the group and continue supporting Covéa UK as a board member, providing strategic oversight for the UK businesses. He is stepping down to return to his native France.
Chris Moat, chairman, said: ”I would like to welcome Domart to Covéa UK. His extensive knowledge of insurance and reinsurance will provide a great foundation to lead the company through its next phase.”
“On behalf of the board I’d like to thank De Macedo for his major contribution to Covéa Insurance over the last couple of years. His ongoing involvement in the Covéa UK board will provide both insight and continuity into the future.”
His career began in 2019, when he joined a local north London newspaper after graduating from the University of Sheffield with a first-class honours degree in journalism.
He took up the position of deputy news editor at Insurance Times in March 2023, before being promoted to his current role in May 2024.View full Profile
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