Covéa Insurance UK has appointed Philippe Domart (pictured above) as chief executive officer, subject to regulatory approval, marking the third leadership change at the top of the British insurer in 18 months as the French-owned company pursues profitability and broker partnerships.
Domart will formally take up the role on April 1, 2026, succeeding Georges De Macedo, who has led the insurer over the past two years. De Macedo returned to France with his family and continued to serve as chief executive whilst the search for his successor was underway, a company spokesperson said.
The appointment follows an earlier succession plan that unravelled late last year. In September 2025, Covéa UK announced that Xavier Laurent from Covéa Group would succeed De Macedo as chief executive, subject to regulatory approval, industry reports show.
Laurent had joined the executive team and was working alongside De Macedo during a transition period. However, as per the company spokesperson, Laurent moved on late last year, prompting the subsequent search that led to Domart's appointment.
The incoming chief executive brings more than 20 years of experience across global insurance and reinsurance markets. He held senior positions at Partner Re and most recently worked within the commercial business unit at MMA in France, the company confirmed.
Read more: Covéa UK announces CEO transition
Domart joined Covéa in February and will relocate to the UK to work alongside the company's teams and partners.
A company spokesperson said Domart will lead the next phase of the firm's "Doing What Really Matters" strategy, with a continued focus on profitability, strengthening partnerships with brokers and delivering outcomes for customers.
Chris Moat, chairman of Covéa Insurance UK, thanked De Macedo for his contribution to the company. "His ongoing involvement in the Covéa UK Board will provide both insight and continuity into the future," Moat said.
Moat said Domart's knowledge of insurance and reinsurance will provide a foundation to lead the company through its next phase. The move represents the group's commitment to the UK market as it positions the business for expansion, he noted.
The appointment is expected to receive regulatory clearance ahead of the 1 April effective date. De Macedo will remain involved with Covéa through his ongoing position on the UK board.
