Former Lloyd’s CEO joins CFC as non-executive chairman

CFC, the specialist insurance provider focused on emerging risk and cyber, has hired a former Lloyd’s of London chief, who also held top roles at Brit Insurance, Cunningham Lindsey, Direct Line and Ardonagh Specialty, as its non-executive chairman.

Industry veteran Richard Ward (pictured) is set to join CFC, subject to regulatory approval.

Ward has had a long and distinguished career in insurance and the London Market, serving as CEO of Lloyd’s of London from 2006 until 2013, during which time he helped transform the organisation and introduce digitisation across many of its processes.

Following his time at Lloyd’s, Ward was non-executive chairman at Brit Insurance, chairing the syndicate through its IPO and subsequent sale to Fairfax. He was also executive chairman at Cunningham Lindsey Group and non-executive director at Partnership Assurance Group.

Ward is currently the senior independent non-executive director at Direct Line Group and, until recently, was executive chairman of Ardonagh Specialty.

CFC recently announced a significant new investment from Vitruvian and EQT and the launch of its Syndicate 1988.

CFC group CEO David Walsh said: "We are delighted to welcome Richard to CFC. The last twelve months have brought many milestones for our business – from the launch of our new syndicate to a record-breaking private equity deal – and Richard’s arrival is yet another such milestone. Richard brings a wealth of experience and leadership working with some of the most notable names in our market, including Lloyd’s itself, and will be a tremendous asset to us as we move ahead.’

Ward commented: " CFC is an incredible business with a brilliant culture and an exciting, ambitious roadmap. The passion that Dave and the extended leadership team have for their business is palpable, and I’m looking forward to joining them in the next phase of their journey."

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