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Prince Maximilian von und zu Liechtenstein joins the board at wefox

31 May 2022
Berlin/Vaduz - The InsurTech firm wefox has appointed Prince Maximilian von und zu Liechtenstein as a new board member. The LGT Group, of which Prince Maximilian is CEO and Chairman, has held a stake in wefox since June 2021.

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The digital insurance company wefox, founded in Zurich at the end of 2014 and now headquartered in Berlin, has appointed Prince Maximilian von und zu Liechtenstein to its board, further details can be found in a press release. It was only in February that wefox announced it had gained the former President of Samsung Electronics, Young Sohn, as President of the Board of Directors. In cooperation with wefox CEO Julian Teicke, the two newcomers will take the company to the next level of growth, Teicke explains in the press release.

An expansion into the Netherlands in planned before the end of this year. Next year, wefox then intends to tap into new country markets. Currently valued at $3 billion, the company operates in Germany, Austria, Poland, Italy and Switzerland. CEO Teicke believes that wefox is “on track” in 2022 to double revenues to 650 million euros year on year.

“Wefox is one of the most successful European tech companies with great potential for further development on a global level as well”, comments Prince Maximilian von und zu Liechtenstein in the press release. The CEO and Chairman of the LGT Group considers the insurance sector to be an exciting market that features huge volumes. The Vaduz-based banking group made its first financial investment in wefox in June 2021. “I believe wefox has the potential to digitally disrupt and transform this industry”, explains the InsurTech firm’s newest board member.