The founding CEO of Outsurance’s short-term insurer in Australia, Youi, will retire in June.
Hugo Schreuder will step down after 15 years at the helm of the company in which Outsurance owns a 89.9% stake and generated just more than one-fifth of Outsurance’s operating profit in 2022.
Youi’s board has been searching for a replacement over the past year and Schreuder’s successor will be announced by the end of February. Outsurance said Schreuder will join the board at the start of 2024 as a non-executive director.
“It has been a privilege to lead Youi and be part of its growth and success over the past 15 years,” Schreuder said.
“I am proud of what we have achieved together and am confident in the future of the company.”
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