Current CUO Andy Holmes will be assuming the role of Chief Executive Officer.
“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” said Holmes.
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. Andy Holmes, Chief Executive Officer
A well established and highly respected figure in the global insurance industry, and listed among Insurance Business’s Global 100 in 2023, Trueman was previously Global Head of Cyber at AXIS Insurance. Under Trueman’s leadership, the team became one of the foremost cyber underwriting teams globally. He held this role for over six years following Axis’s 2017 acquisition of Lloyd’s carrier Novae, where he had served as Chief Innovation 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 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.”
A global insurance business with sophisticated capabilities spanning underwriting and claims, technology and innovation, cyber security and incident response and more, CFC was one of the first in the market to offer cyber insurance. The business has expanded to offer more than 50 products across 20 different classes of insurance with a particular focus on emerging risks for SME businesses brought on by the intersection of technology and industry.
