CFC has announced the appointment of Dan Trueman as chief underwriting officer.

Trueman was previously global head of cyber at Axis Insurance, a role he held for over six years following the insurer’s 2017 acquisition of Lloyd’s carrier Novae, where he had served as chief innovation officer.

Commenting on his new role, he said: “I am thrilled to be joining CFC and to work with such an exciting leadership team. It is recognised as a leading speciality underwriting business that’s consistently responding to the changing risk climate through its innovative products and approach. As well-respected pioneers in emerging risk, I’m also looking forward to collaborating with CFC’s experienced and talented teams as we continue its impressive growth journey.”
Current CUO Andy Holmes will be assuming the role of chief executive officer.

Holmes said: “Dan’s expertise in innovation will add huge value to our business going forward. Innovation is in our DNA and runs through every class of business and every product we write. I have no doubt that he will play a pivotal role in helping CFC identify new niche areas where we can add value and work with our underwriters to ensure we write profitable and sustainable business.

“Dan has also been a key figure in cyber for many years and his experience in this sector will clearly prove invaluable given our position as one of the world’s leading cyber markets.”

CFC was one of the first insurers in the market to offer cyber cover. It now has more than 50 products across 20 different classes.

---