Reinsurance News

CFC targets improved incident response capabilities with acquisition

9th October 2019 - Author: Luke Gallin

London headquartered specialist insurer, CFC, has expanded its in-house cyber incident response capabilities with the acquisition of Texas-domiciled incident response provider, Solis Security.

CFCCFC’s large in-house cyber claims and incident response team has handled almost 1,500 cyber claims this year alone. Now, with the addition of Solis Security, CFC has deepened its bench of in-house technical experts who form the frontline response.

The London-based insurer has more than 20 years of experience in the cyber insurance space and the firm’s cyber insurance solutions are purchased by more than 40,000 businesses in over 60 countries.

CFC explains that its in-house cyber claims and incident response team is closely aligned with the firm’s cyber underwriting team, which is one of the largest in the world, and operates the world’s first cyber incident response app.

David Walsh, Chief Executive Officer (CEO) of CFC, said: “By joining forces with Solis, we’re able to greatly expand our market-leading cyber incident response service, providing customers with even faster resolution to their cyber events, greatly reducing their business downtime and costs.

“Having worked closely with Solis over the years, we know they have one of the most technically skilled and experienced IR teams in the market, and we’re eager to bring them onboard.”

Terry Oehring, CEO of Solis Security, added: “CFC is a cyber insurance provider that truly understands the challenges their clients face when it comes to managing and recovering from a cyber attack. We’re excited to join the CFC team in offering cutting-edge cyber incident response services to our clients around the world.”

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