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

  • 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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Laura M
Laura M
Laura is a financial reporter, editor, and researcher with a particular interest in fintech innovation, capital markets, and the evolving global banking landscape.

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