CFC has announced that Dan Trueman will join the business as Chief Underwriting Officer (CUO). Andy Holmes, current CUO will be assuming the role of Chief Executive Officer.
Commenting on his new role at CFC, Trueman said, “I am thrilled to be joining CFC and to work with such an exciting leadership team. It is recognized 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.”
Andy Holmes also added, “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."
Trueman, a prominent and widely regarded individual in the global insurance sector, earned recognition in Insurance Business's Global 100 in 2023. In his previous role as the Global Head of Cyber at AXIS Insurance, Trueman led the team to become a leading force in global cyber underwriting. This significant position was held for over six years, originating from Axis's acquisition of Novae, a Lloyd’s carrier where Trueman served as Chief Innovation Officer.
CFC, a worldwide insurance enterprise with advanced expertise covering underwriting, claims, technology, innovation, cybersecurity, incident response, and beyond, has been at the forefront of the market as an early provider of cyber insurance. Over time, the company has diversified its offerings to encompass over 50 products within 20 distinct insurance classes. Notably, CFC places a special emphasis on addressing emerging risks for small and medium-sized enterprises (SMEs) arising from the convergence of technology and various industry sectors.