- 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.
