Carnegie-Brown, who succeeds inaugural chairman Nick Parker, has over three decades of experience in the financial sector in the insurance, banking and asset management sectors.

He is chairman at Lloyd’s of London, vice-chairman at Banco Santander, and was chairman of MoneySuperMarket until May this year.

Commenting on his appointment, Carnegie-Brown says: “I’m excited to be joining Cuvva at a time when the insurtech disrupter is enjoying rapid growth as it builds out a customer-centric app-based platform, delivering tailored solutions for customers’ personal insurance needs and aiming to become the button on your phone for your insurance.”

Operating for the past four years, Cuvva has sold over a million policies and lays claim to being the most downloaded insurtech app in the UK.

Carnegie-Brown's arrival follows that of ex-Allianz Partners CEO, Serge Corel as director of partnerships and former Revolut man Svetlana Novikova as finance director.