Specialist insurance provider CFC has hired George Beattie to be its new head of innovation.
The firm said that Beattie, in his new role, will be leveraging its technology and data science. He begins in January 2023 and joins CFC from Beazley where he has lead the incubation underwriting function for the past two years. He remains in his role as co-chair of the Product Launchpad at Lloyd’s.
Graeme Newman, CEO of CFC, said: “Our business has earned a reputation for innovation and our team has a demonstrable track record of constantly challenging the status quo in our core lines of business. However, as a specialist in emerging risk, we need to consider the role of breakthrough, disruptive innovation within our strategy. George shares our passion for looking ahead, identifying the risks of the future that the industry has yet to tackle, and then developing a solution. I can’t think of a better person to lead our new team and am excited to see what innovations they bring to market over the coming years.”
He added: “CFC has a brilliant reputation for innovation and it’s hugely exciting to be joining a growth business with such an exciting, dynamic story. Breakthrough innovation means we will be pursuing new opportunities and delivering solutions that the market hasn’t seen before through confident but pragmatic experimentation. This is about closing the protection gap and delighting customers by working in a way that is unencumbered by traditional barriers to innovation: industry product silos, fear of the unknown and addiction to the comfort provided by the status quo.”
The news of Beattie’s hiring comes a few months after the firm said it had expanded its cyber threat analysis capability into North America and Australia.
Beattie’s LinkedIn profile suggests that he spent a little over two years at Beazley, a period that followed nearly four years at Willis Towers Watson. He also lists a past underwriting role at CFC Underwriting and a broker role early in his career at WTW, a company to which he subsequently returned to in 2017.
