Insurtech on mission to ‘fix’ industry hires CFO from Big Four accounting firm
Insurtech Urban Jungle, which is on a “mission to fix the insurance industry” by building fairer policies, has hired its new chief financial officer (CFO) from a Big Four accounting firm as it looks to further scale its business in the UK market.
Alan Rennie (pictured), previously a director at PwC, has joined the insurtech as its CFO. His responsibilities will centre around further fundraising in the next stage of the company’s growth.
Rennie has 14 years of experience working at global professional services firm PwC in both London and San Francisco, including over five years as a director. During this time, he led a team assisting venture capitalists and growth equity providers to invest in the booming UK FinTech market, focusing on companies like Revolut, Starling, Tide and SmartPension.
Since launching in 2017, Urban Jungle has raised over $22.4 million in funding from private investors and venture capitalists for its home insurance offering for renters and homeowners. Its aim is to become the go-to insurance brand for young people in the UK.
Jimmy Williams, CEO and co-founder of Urban Jungle, said: “I’m thrilled to have Alan on board to supercharge our company’s ambitious growth plans, as we embark on our mission to fix the insurance industry and make fairer insurance available to as many people as possible. He brings a wealth of experience advising fast-growing fintech and technology startups, which will be a massive asset as we enter our next stage of growth.”
Rennie commented: “Having spent many years helping VCs and growth equity providers invest in some of the UK's leading FinTech startups, I am excited to have the opportunity to sit at the other side of the table. The quality of the team at every level and their commitment to developing simple, fair insurance products is what impressed me most about Urban Jungle. It is clear that they have recently reached an inflexion point in their growth story and pending regulatory changes in the insurance industry, are likely to provide a significant tailwind. I look forward to helping to drive the next phase of growth.”
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