Wefox is stepping up its plans for profitable growth and global expansion with the appointment of Jonathan Wismer as its new Group Chief Financial Officer (CFO) effective 1 October 2023. Mr. Wismer joins the company’s executive team and reports to Julian Teicke, founder and CEO of wefox.
Co-founder and current CFO, Fabian Wesemann, is the new Chief Investment Officer (CIO) where he heads up the company’s mergers and acquisitions as wefox prepares to expand its international footprint.
Christopher Kampshoff, who has successfully headed up the M&A unit since 2019, will move into a new operational role within the company.
The appointment of Mr. Wismer, who brings more than 25 years’ global finance experience backed with a strong track record of driving profitability and leading diverse teams, reinforces the company’s world-class leadership team and global expansion strategy.
Mr. 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.
“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,” added Mr. Teicke.
Mr. Wismer said: “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.”
Mr. Wismer most recently was the CFO for Resolution Life U.S. 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 LLP where he spent time in the United States, Switzerland and Germany.
Born in the United States of America, he holds a Bachelor of Business Administration degree from Texas Christian University, and attended the Insurance Executive Development Program at the Wharton School of the University of Pennsylvania. He is a Certified Public Accountant.
wefox was founded in 2015 by Julian Teicke, Fabian Wesemann and Dario Fazlic. wefox is Europe’s leading insurtech driven by a single purpose: keeping people safe by making insurance 10 times better through technology.
In May 2023, wefox secured US$55m credit facility from J.P. Morgan and Barclays alongside a $55m second close in its series D at US$4.5bn valuation.
Since launching in 2015, the company has doubled its revenues every year to reach US$580 million in 2022 serving more than 2m customers across Austria, Germany, Italy, Poland, The Netherlands and Switzerland where wefox currently operates.