Opinion: The CFC misconduct decision, and what comes next
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Opinion: The CFC misconduct decision, and what comes next

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The London market was rocked last week by the news that CFC group CEO David Walsh and CFC Underwriting CEO Graeme Newman were to leave the MGA following a non-financial misconduct investigation by Lloyd’s.

The exact nature of the wrongdoing within scope of the investigation is unclear, but an internal memo sent to CFC employees described “culture failings” at the MGA which led to the duo’s exit.

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