Youi reveals new boss as founding CEO retires

Insurance company, Youi Holdings Limited (Youi), has announced a new CEO. In a media release, the Queensland headquartered firm said Nathaniel Simpson (pictured above), will take on the role from July 01. Simpson’s appointment follows the retirement, announced early in February, of founding CEO Hugo Schreuder (pictured below) who will transition to Youi’s Board.

The insurer’s offerings in Australia and New Zealand include car, home, landlord and small business insurance. Youi, said the release, “now employs almost 1,800 staff and has a turnover in excess of [AU]$1 billion.”

The release said Schreuder’s retirement “follows a successful and dedicated 15-year tenure.” He launched Youi in 2008 as part of South African parent company OUTsurance, likely the first African company to set up an insurance firm in Australia.

“I’m incredibly excited for this new chapter and am looking forward to continuing on Hugo’s success and guiding Youi as it continues to grow and evolve as one of Australia’s leading insurers,” said Simpson.

The release said the new CEO is “a highly experienced insurance executive who has worked at Youi and parent company OUTsurance Group for 17 years.” Simpson’s roles have included chief product officer, chief operating officer: retail and chief customer and innovation Officer.

Schreuder’s retirement starts at the end of June. The release said after a short break he will join the board from early 2024.