InsurTech company Urban Jungle has appointed Alan Rennie, previously a director at PwC, as its new chief financial officer.
Urban Jungle claims to offer fair home insurance products to renters and homeowners, crafting policies that are transparent and don’t price on things like age or whether you rent or not.
Having recently surpassed 50,000 paying customers and doubling its revenue in the last six months, the scaleup aims to become the go-to insurance brand for young people in the UK.
Rennie brings a wealth of experience from 14 years at global professional services firm PwC in both the London and San Francisco offices, including over five years as a director. 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. Rennie’s responsibilities will centre around further fundraising on the next stage of the company’s growth.
“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,” said Rennie.
“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.”
Jimmy Williams, CEO and co-founder, added: “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.”