A former chief risk officer at cyber insurance giant Beazley left the FTSE 100 business following allegations of non-financial misconduct.

City AM understands that Rob Anarfi, who had been at Beazley since 2012, left the FTSE 100 business early last year following allegations of non-financial misconduct. 

Anarfi was also chair of the Lloyd’s of London DEI committee and was a member of the Lloyd’s Market Association (LMA) board until February 2025. 

Due to his role in DEI, he was one of the six portraits of diverse role models that the marketplace commissioned Franklyn Rodgers to create back in 2023, which were displayed in Lloyd’s historic Old Library.

A Beazley spokesperson told City AM: “Rob Anarfi left Beazley in early 2025. As Mr Anarfi is no longer employed by Beazley, we will not be commenting further.”

Beazley Furlonge, a managing agent for syndicates at Lloyd’s, listed Anarfi as a director on Companies House, but it noted that he resigned in February 2025. 

Regulators tighten grip

Beazley, a speciality insurance company that has agreed to be acquired by Zurich for £8bn, is regulated by several bodies, including Lloyd’s of London, the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA).

The FCA’s new rules and guidance on non-financial misconduct will take effect in September 2026, but the City watchdog expects employers to be primarily responsible for handling non-financial misconduct. 

Non-financial misconduct refers to a range of alleged inappropriate workplace behaviour, but it is not known at this stage what specific allegations of non-financial misconduct are made against Anarfi.

Lloyd’s of London has taken a strict stance on non-financial misconduct in an effort to clean up the industry’s image.

Back in 2023, the chief executive of specialist insurance CFC Group and the chief executive of CFC Underwriting were forced out after an investigation by Lloyd’s into allegations of non-financial misconduct at the insurer. 

Lloyd’s declined to comment on the matter. The FCA said it cannot comment on any individuals. 

Anarfi has been approached for comment.