Former Aspen/Admiral CFO moves to join UK insurtech Policy Expert
UK insurtech Policy Expert, a provider of home and motor insurance, has hired the former chief financial officer (CFO) of Aspen Insurance Group, Admiral Group and CEO of Confused.com to drive the next phase of its growth.
Kevin Chidwick (pictured) has joined Policy Expert as CFO. He succeeds Paul Gildersleeves, who has retired after a 40-year career in financial services, including ten years establishing Policy Expert.
Chidwick has over 35 years of experience across financial services. He was previously CFO of specialty lines re/insurer Aspen and of Admiral Group and CEO of Confused.com.
His appointment will see him work closely with Steve Hardy, executive chairman of Policy Expert, and the rest of the executive team to drive the next stage of the business’ growth.
The insurtech claims to have doubled its customer base in less than three years, and secured a six-year agreement with Accredited Insurance (Europe) with a targeted capacity of £2 billion in gross written premium to support further expansion.
Steve Hardy, executive chairman of Policy Expert, said: “Policy Expert has become one of the UK’s most successful insurtech businesses, graduating from start-up to become a high-performing, profitable and scalable proposition. It’s clear our approach of blending data science, proprietary tech and artificial intelligence to improve the customer experience and overcome traditional frustrations with insurance to benefit customers is working. I’d like to thank Paul for his hard work over the last 10 years, and I look forward to working with Kevin to continue our growth.”
Chidwick commented: “This is a really exciting time to join the Policy Expert team. The business has long stood out to me as ‘one to watch’ as the first home insurance proposition engineered for the aggregated 21st century insurance market. Its rapid growth is a sign of a business that is proving its ability to outperform far longer established brands, and I’m looking forward to playing my part in continuing the growth of the business.”
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