Ex-Beazley chief risk officer reportedly left insurer over non-financial misconduct allegations

Beazley has issued a short statement following a report that its former chief risk officer, Rob Anarfi, left the company after allegations of non-financial misconduct.

City AM said it understood that Anarfi “left the FTSE 100 business early last year following allegations of non-financial misconduct”.

Anarfi joined the firm in 2012 as group head of internal audit and took up the role of chief risk officer in 2021.

Following the release of the City AM report, a spokesperson for Beazley told Insurance Times: “Rob Anarfi left Beazley in early 2025.

“As Mr Anarfi is no longer employed by Beazley, we will not be commenting further.”

Anarfi also used to be the chair of the Lloyd’s of London DEI committee and a member of the Lloyd’s Market Association (LMA) board until early 2025.

He was also one of the six portraits of diverse role models that the marketplace commissioned Franklyn Rodgers to create in 2023, with these displayed alongside existing portraits of former Lloyd’s chairpersons in Lloyd’s Old Library.

Insurance Times has contacted Lloyd’s of London for comment.

Rules overhaul

In 2024, Lloyd’s of London said it was clamping down poor conduct due to its current processes for dealing with bad behaviour potentially being “unclear”.

The marketplace said it was proposing to implement changes to “modernise and streamline” its approach and provide “greater clarity” over what it considers misconduct.

Meanwhile, the FCA also said its own survey of over 1,000 wholesale banks and brokers, as well as London market insurance firms, revealed that the number of non-financial misconduct incidents increased between 2021 and 2023.

The FCA’s new rules and guidance on non-financial misconduct will take effect in September 2026.