CFC, an insurance provider with expertise in cyber risk, has announced that it is expanding its corporate cyber offering by launching a team dedicated to supporting brokers across Europe.
With established offices in Brussels and Madrid and plans to open more locations by year-end, has appointed Ilaria Silvato as Corporate Cyber & Tech EMEA Team Leader.
Andrew Prendergast, CFC’s Corporate Cyber Practice Leader, commented: “CFC’s corporate cyber team have been successfully writing large primary cyber risk for European brokers and their clients from our London headquarters for more than a decade, and our in-house claims team has extensive experience in handling large losses for these corporate clients.
“However as the market continues to grow and the risks to clients from threat actors become ever more complex, we felt it was the right time to bring our cyber expertise closer to our European partners. Establishing a team with local market knowledge and solutions in local language will allow us to help more brokers deliver complex cyber solutions that meet their clients growing needs.”
Ilaria will lead the development of CFC’s Europe-based team and oversee the growth of its corporate cyber business. Bringing 13 years of insurance experience, Ilaria previously served as International Underwriting Manager for cyber risks at Beazley for the past four years.
Prendergast added: “Ilaria has a wealth of knowledge, having started her career as a lawyer before moving into claims, and then transitioning into underwriting. Her experience means she has a depth of understanding of the insurance cycle and is sympathetic to client requirements and the needs of insurers. I can’t think of a better person to spearhead the growth of our European based corporate cyber team.”
Fluent in Italian, Spanish, and English, Ilaria will be based in Spain and will collaborate with clients across Europe to deliver CFC’s proactive primary cyber solution. In addition, she will be developing a team to support and serve CFC’s expanding network of European broker partners.
Ilaria said: “I am truly thrilled to be a part of this exciting new chapter for CFC. The business has blazed a trail in the cyber market and has a reputation for service and innovation that is second to none. Building a European based team that has a broad appetite across many industry sectors and a willingness to consider distressed risks demonstrates CFC’s commitment to serving its European broker partners and their clients.”
