CFC, the specialist insurance provider has appointed Michael Phillips as Cyber Practice Leader.
In the role, Phillips will be based out of New York.
As Cyber Practice Leader, Phillips will drive CFC’s cyber underwriting strategy and broker development in the US with a specific focus on CFC’s admitted cyber product.
He joins CFC with nearly a decade’s worth of experience as a senior leader in the speciality insurance market.
Some of his previous roles have included serving as Chief Claims Officer at Resilience, Head of Cyber, Media & Technology Claims at Allianz Global with responsibility for the North American market, and Tech Counsel at Beazley where he was responsible for looking after Cyber and Tech Complex Claims.
Additionally, Phillips was previously a litigator in commercial private practice for eight years and has been a frequent writer on law and technology, published in The New Yorker, Buzzfeed and Bloomberg.
Further, Phillips also serves as Co-Chair of the Ransomware Task Force, drawing upon public policy experience at the Clinton Foundation, the United States Senate and the Office of the Connecticut State Attorney General.
Phillips, commented on his new role: “CFC is a pioneer in cyber insurance, with a market leading proposition and an innovative approach to pro-active cyber protection. I’m looking forward to working with their talented team to deepen cyber fluency and drive growth for our admitted cyber solution in the American market.”
Shannon Groeber, CEO at CFC USA, said: “Michael brings with him deep industry expertise and an impressive track record in both cyber underwriting and claims which will be invaluable as we continue to deliver our proactive cyber proposition to customers throughout the US.
“He joins an experienced bench of senior cyber leaders who ensure that CFC stays at the forefront of the market, leading the way in coverage, claims and cyber security services built to protect our customers against cyber risk.”
