Motorcycle insurance provider MCE has announced that Leonard Labinjo (pictured) has joined its board as finance director.
Labinjo’s appointment marks the second addition to the insurer’s leadership team in recent weeks, following Paul Ormiston joining MCE as claims director.
In a statement, the firm said that its management team “recognised the need to recruit a board level executive to manage finances as the business matures as an insurtech.”
Read more: MCE creates new role at board level
“While Leonard will take full responsibility for MCE’s finance function, it is the strategic advisory role that appealed to him when approached about the position,” MCE said in its statement.
“MCE has some fantastic corporate discipline, and I saw a senior management team with a real vision and passion for fully modernising the business,” said Labinjo. “Clearly good financial governance and strategic insight is needed to do this – and that’s what excites me about this as a newly created role.”
“Insurance is changing,” said Julian Edwards, chief executive officer of MCE. “There’s been so much talk in the industry about digitisation and the insurtech future – but I’ve seen little evidence of many businesses actually, culturally, taking that step and making it happen. Now we have taken that step, we have the technology to allow growth and diversification. Leonard’s appointment is a critical piece of the jigsaw, and I’m excited to have him joining the leadership team as we grow.”
