Walsh and Newman to exit after Lloyd’s misconduct investigation into CFC

exit-sign-dark

CFC group CEO David Walsh and Graeme Newman, CEO of CFC Underwriting, will leave in 2024, the provider has confirmed following the completion of an investigation by Lloyd’s into allegations of non-financial misconduct at the company.

Walsh will exit the cyber specialist in January, and Newman will also step down from his role, ahead of departing in April.

Newman, who joined in 2008, took up his post in 2021 when founder Walsh switched to the group role to focus on global operations.

Failings

The business did not supply details of the investigation or the outcome, but acknowledged “there have been failings”.

Related CFC promotes Graeme Newman to CEO Steve Dukes named Confused CEO Biba and CFC

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk.

You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Insurance Age? View our subscription options

Register

Sign up and gain access to five complimentary news articles every month.

Already have an account? Sign in here

This address will be used to create your account

Energy MGA Volt powers up

Volt Underwriting, a London-based MGA formed to support clients active in the energy transition sector, has launched with initial capacity of $25m (£19.14m) for international and US onshore power and renewable energy risks.

Ardonagh completes PSC buy

Ardonagh has closed the deal for PSC Insurance Group in a move which includes bolstering its advisory business with a Top 100 UK broker.

Most read articles loading...

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: