UK insurtech company Bondaval has expanded its physical presence to the Germany, Austria and Switzerland markets, announcing two senior hires covering trade credit and commercial underwriting.
Bondaval, which uses technology to provide receivables insurance to corporate clients, has today named Anke Uebele (pictured) as head of trade credit and Christoph Dautenheimer as head of commercial underwriting and development for the Dach region.
Hamburg-based Uebele joins after 16 years at Allianz Trade, most recently as regional head of excess of loss, with roles based in both Germany and Switzerland. She previously spent 11 years at Coface as an underwriter and business development manager.
Dautenheimer, who is based in the Frankfurt Rhine-Main region, joins from Credendo, where he spent four years as a risk underwriter and account manager. Prior to that role, he spent seven years at Targo Commercial Finance, working with clients in the factoring and structured finance sectors.
They report to Simon Philpin, Bondaval’s group chief commercial underwriting officer, who joined the insurer from Markel in December last year.
The two hires mark Bondaval’s first in-market presence in Germany, Austria and Switzerland. The move follows its March announcement that it is now licensed to offer trade credit insurance in Switzerland, following a partnership with Swiss Re Corporate Solutions.
“Building a local presence in the Dach region was the next key step of Bondaval’s commercial expansion,” Philpin said.
“We see a huge amount of potential within the territory, and Anke and Christoph bring both the enterprising spirit and risk expertise to help Bondaval take a leading position in the market.”