OneAdvent’s leading property insurance MGA Modus appoints non-executive chairman
Niche property insurance provider Modus today announced the appointment of non-executive chairman, Simon Cooter, subject to FCA approval.
Simon is an established C-suite leader with extensive executive and non-executive board experience. He has a proven track record guiding large enterprises to growth, and in his most recent executive position as Commercial Lines & HNW Director at Covéa Insurance, he was instrumental in trebling the size of the business unit.
Established in 2015, digital-first MGA Modus was acquired by OneAdvent in 2020. Now, Simon will bring his knowledge of the broker distribution channel and e-trading systems to bear, as these two businesses continue to work together to develop an innovative suite of specialist products for the non-standard property insurance sector.
On his appointment, Simon commented: “I’m delighted to be joining the Modus team. Directors Simon Read and Scott Banks have put a first-class team together and the combination of underwriting expertise, digital capability and niche products that clearly address the needs of target customers, is a winning one.”
Simon Read, Managing Director of Modus, added: “Seeing Simon join the Modus team is a real coup for us. His heavyweight leadership experience in the e-trading space in particular, will not only strengthen our board but also our entire digital customer proposition, as we continue to build new and innovative niche products for our broker partners.”
Established in 2015 as a data-driven, digital insurance provider, Modus unites traditional insurance disciplines with cutting-edge technology to offer fully-automated, e-traded insurance products and solutions for our partner brokers. Focusing on the landlord sector, Modus distributes products via UK-based, FCA-authorised insurance intermediaries.
Focused on getting innovative insurance businesses to market – and fast – OneAdvent provides a springboard for growth across the industry. Operating as an MGA platform, Lloyds broker and niche product distribution business, OneAdvent brings its sector expertise and technical know-how to bear for established industry players and entrepreneurial start-ups around the world.
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