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Monzo hires Brolly founder Phoebe Chibuzo Hugh to lead its “charge into insurance” | Fintech InShorts: Latest fintech news, analysis by experts

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Monzo hires Brolly founder Phoebe Chibuzo Hugh to lead its “charge into insurance”

By Laura M

November 8, 2023

UK challenger bank Monzo has hired Phoebe Chibuzo Hugh, founder and former CEO of Brolly, for its insurance industry expansion.
Hugh aims to revolutionize insurance with Monzo and sees a clear opportunity in the industry.
Hugh has prior insurance experience at Aviva and led Brolly before it was acquired by Direct Line Group in 2020.
She plans to lead Monzo’s charge into insurance, although the specifics of this effort are not yet clear.
Monzo is seeking £300 million in fresh funds, potentially becoming the highest-valued digital bank in the UK.

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