LONDON–(BUSINESS WIRE)–HomeServe plc (“HomeServe”, “the Group”), the international home repairs
and improvements business, is pleased to announce the appointment of
Mark Wood CBE as non-Executive Chairman of HomeServe Labs, the unit
within HomeServe that developed LeakBot.
HomeServe Labs is the innovation arm of HomeServe which in 2016 launched
LeakBot, a patented smart leak alarm that can detect leaks anywhere on a
mains water system. Water leaks are one of the major causes of claims on
home insurance policies across Western Europe and the US, and LeakBot is
designed specifically to help insurance companies prevent water leak
claims by catching the leaks early.
Craig Foster, LeakBot CEO, said: “Mark Wood is a previous CEO of
AXA and a veteran of the insurance industry. This experience will really
benefit us as a B2B Insuretech. Mark is also a successful entrepreneur
himself, and more recently added a huge amount of value to promising
fintech start-ups like PensionBee. With Mark on board as our new
Chairman, we are excited to try and emulate the success of other London
based start ups that he has been involved with.”
Mark Wood said: “I am delighted to be part of the team which
invented LeakBot: a unique and proven technology which addresses a major
cause of household claims. The business is at an inflexion point having
secured trials across America and Europe as well as in the UK.”
About HomeServe
HomeServe is an international home repairs and improvements business
which provides people with access to tradespeople and technology to make
home repairs and improvements easy. HomeServe is listed on the London
Stock Exchange, with a market capitalisation of £4.2 billion.
ENDS
Contacts
Media enquiries: Tulchan Group
Martin Robinson
Lisa
Jarrett-Kerr
[email protected]
+44
207 353 4200
