wefox takes ex-AIG C-suite executive in global expansion move
Berlin-based insurtech wefox is strengthening its leadership team to drive global expansion and pursue profitable growth. The company has appointed a former C-suite executive of AIG and Resolution Life as its new group chief financial officer.
Jonathan Wismer (pictured) has been appointed as its new CFO, effective October 2023. Wismer joins the company’s executive team and reports to Julian Teicke, founder and CEO of wefox.
Co-founder and current CFO, Fabian Wesemann, becomes new chief investment officer (CIO) where he will head up the company’s mergers and acquisitions (M&A) as wefox prepares to expand its international footprint.
Christopher Kampshoff, who has headed up the M&A unit since 2019, will move into a new operational role within the company.
Wismer has more than 25 years’ global finance experience backed with a track record of driving profitability and leading diverse teams. He most recently was the CFO for Resolution Life US, and prior to that was the deputy CFO and chief accounting officer for AIG. Previously, he was the group controller for Zurich Insurance Group, based in Zurich, having previously spent nine years at Liberty Mutual, culminating with his appointment as CFO, Liberty International. He also held senior financial and regulatory reporting leadership positions at Allianz Group in Munich, and began his career with KPMG where he spent time in the US, Switzerland and Germany.
Earlier this year, wefox secured a $55 million credit facility from JP Morgan and Barclays. The company valuation is currently at $4.5 billion.
Teicke said: "Jonathan's experience and strong track record with a number of Fortune 100 international insurance companies make him the perfect fit for wefox as we successfully transition into a mature scaleup. This is another significant step for wefox as we focus on driving profitable growth while expanding our international footprint through acquisitions.
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“We have established a strong M&A track record in the last four years. The appointment of Fabian as CIO will ensure we now build on our existing work to drive our global expansion and sustain our consistent growth.”
Wismer added: “I’m thrilled to join the wefox team at this juncture in the company’s journey and to do my part in contributing to its continued growth and focus on profitability, as well as serving its many stakeholders.”
