CFC taps new chief underwriting officer

Current CUO has been tapped as the new CEO

CFC taps new chief underwriting officer

Insurance News

By Kenneth Araullo

CFC has announced the appointment of Dan Trueman (pictured above) as its new chief underwriting officer (CUO).

Trueman, a prominent figure in the global insurance industry and featured in Insurance Business’s Global 100 in 2023, joins CFC following his tenure as global head of cyber at AXIS Insurance. During his leadership at AXIS, the cyber underwriting team emerged as a leading force in the global arena.

As per LinkedIn, this role followed his time at Lloyd's carrier Novae, where he was chief innovation officer prior to its 2017 acquisition by Axis.

“I am thrilled to be joining CFC and to work with such an exciting leadership team,” Trueman said. “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.”

Concurrently, the current CUO, Andy Holmes, is set to take on 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. 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,” Holmes said.

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