CFC announces new group chief operating officer

Specialist insurance provider CFC has appointed Matthew Glenville as its new group chief operating officer.

In the newly created position, Glenville will work to strengthen the relationship between CFC’s underwriting, technology and business operations teams.

He will also oversee the streamlining of operations across the business.

Commenting on his new role, Glenville said: “I am beyond excited to join the team at CFC and to be part of such an exceptional and innovative business.

“I’m really looking forward to delivering on the long-term growth plans and making sure that underwriting, technology and business operations work hand-in-hand as we continue to scale.”

Louise O’Shea, group chief executive at CFC, added that the new role was “hugely important” as the business puts in place the “foundation for continued value creation”.

She added: “I can’t think of a better person to take on these responsibilities than Glenville.”

Experience

Glenville is joining CFC from DWF Law, where he most recently served as the group chief operating officer.

Before that, he held the positions of chief operating officer and chief technology officer at ICE Clear Europe.

O’Shea said: “He has extensive experience delivering value creation for high-growth, tech-led businesses, as well as working in different industry sectors from financial services and tech to law, in both listed and PE backed companies.

“His passion for creating businesses, products and teams that stand out from the competition strongly resonates with the team here at CFC and I am truly delighted to welcome him onboard.”

Global scale

The recent appointment is part of a series of senior hires aimed at positioning the business for further growth globally in the upcoming months.

Tim Boyce has been promoted to deputy chief underwriting officer and will oversee the technology, media and intellectual property sectors.

This will be in addition to his current responsibilities in professions and healthcare.

Meanwhile, Michael Brunero, the former head of technology, media and intellectual property, will be relocating to New York to take on the role of managing director for the USA, following Shannon Groeber’s decision to leave the company.

O’Shea said: “The next 12 months are going to be incredibly exciting for our business and the new roles we’ve announced today will be key to ensuring we achieve our goals and deliver even better products and services to our broker partners and their customers.”