CFC

The executive was speaking on the Behind the Headlines podcast.

It plans to deliver other products for parts of the carbon value chain.

The executive has over two decades’ experience in the market.

The team will be led by Alejandra Hernandez Irizarry and Courtney Alonzo.

He succeeds Andy Holmes who is set to assume the role of CEO.

Lloyd’s may be wary of making disciplinary hearings more public, but it could at least make processes more transparent.

The question is whether the inherent value in CFC was in fact concentrated in departing executives David Walsh and Graeme Newman, or if the business can trade forward as it did.

Insurance Insider understands David Walsh told employees in a memo that “certain culture failings” were identified in an investigation which had gone on “for some time”.

The centre will identify, define and categorise cyberattacks in a similar way to catastrophe events.

At the CFC Summit 2023, James Burns said that clearer cyber systemic risk definitions in policies could enable the formation of a "true cyber catastrophe market".

Existing CUO Andy Holme will move to a broader group role.

James Burns, head of cyber strategy at CFC, said updated war exclusions could be beneficial for policyholders if properly defined.