AND-E appoints new Group Chief Finance Officer

Jon Hermon joins the Group board to build the finance community across all European markets

London, November 2023: AND-E, a leading provider of mobility insurance, has appointed motor insurance finance specialist, Jon Hermon, as Group Chief Finance Officer. Reporting to Michael Kainzbauer, AND-E Group CEO, Jon Hermon will lead the finance teams across Europe, building on the existing finance infrastructure to support the company’s strategic ambitions.

 Jon Hermon has worked in the motor insurance sector for more than two decades in a variety of finance roles, including more than 15 years with Hastings Insurance Group as well as roles at Freedom Services Group and First Central Group. He was a key member of the Hastings Insurance management team that led the buyout in 2008 and which saw subsequent sales and a London Stock Exchange floatation. He, therefore, has considerable experience in building core finance capabilities to support business growth in the motor insurance market.

 Jon joined the AND-E Group as a consultant in 2021 and has been involved in designing and implementing a financial infrastructure to support its profitability and growth objectives, aligned to its mission of ‘Every Journey Protected’ – when people move, their journeys should be safe and hassle-free. In his new role he will work closely with the finance leadership teams across all European divisions, creating shared objectives that take account of local market conditions and opportunities. Jon believes, by creating a strong, well connected, finance community, the Group will be able to leverage commercial insight and best practice to generate improved returns for the shareholders and additional value for its customers.

AND-E is dedicated to simplifying the insurance experience, offering straightforward policies, easy claims processes and user-friendly tools to help customers navigate insurance with ease. It is also embracing technology to make tomorrow’s journeys smarter. Telematics, data analytics and innovative solutions are harnessed to promote safe driving habits, offer personalised coverage, and enhance the overall driving experience. The aim is to make insurance not just a necessity, but a valuable and intelligent companion on every life’s journey.


“The AND-E business has achieved a strong growth trajectory over the last few years, both organically and through acquisition”, explained Michael Kainzbauer, Group CEO, AND-E. “It is now critical that we capitalise on economies of scale while still responding to local market opportunities. I am, therefore, delighted that Jon Hermon has agreed to take up the role of Group Chief Finance Officer. He will help shape and build our finance infrastructure to ensure it is fit for purpose to support our future strategic ambitions.”


Jon Hermon added:

“I am incredibly excited to be joining the AND-E Group board at this time to build an agile finance infrastructure that will effectively drive and support our strategic direction and deliver the expected return to our shareholders. The job of finance is to provide the controls and insights for the right business actions, and I am looking forward to building on the systems and processes already implemented to further strengthen our finance infrastructure. There is already a wealth of experience of the AND-E business as well as financial expertise in the local market finance teams that puts us in an exceptionally strong position. I believe, with common processes, tools and ambitions, finance can really support the performance of the AND-E Group.”