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CFC Syndicate 1988 begins trading
21st June 2021
Specialist insurer CFC has announced that CFC Syndicate 1988 has incepted and begun trading. The syndicate has worked with Aon Capital Advisory to attract third-party capital support including a large pension fund, an ILS manager, and reinsurers located in Bermuda, Cayman and Japan. As previously announced, CFC Syndicate 1988 is writing approximately ... Read the full article
CFC gains Lloyd’s ‘in principle’ approval for new Syndicate
30th April 2021
Specialist insurer CFC has announced that Lloyd’s has provided 'in principle' approval for the creation of CFC Syndicate 1988. The new syndicate will be managed by Asta Managing Agency (Asta) which will work with CFC to secure final approvals to commence underwriting business incepting July this year. The syndicate will write a ... Read the full article
CFC acquires Australian cyber security firm Insane Technologies
19th March 2021
Specialist insurer CFC has extended its in-house cyber incident response team with the acquisition of Insane Technologies, an Australian cyber security and incident response provider. With the addition of Insane Technologies, CFC says it has deepened its roster of in-house technical experts. “Like us, Insane have been handling cyber security incidents for ... Read the full article
Cincinnati announces officer changes at CFC Investment subsidiary
18th August 2020
Primary insurer, Cincinnati Financial Corporation has announced a series of officer changes at its subsidiary company, CFC Investment Company. The changes were approved by the board of CFC Investment Company at its regular meeting held on August 14th, 2020 and includes the appointment of Chairman and Chief Executive Officer (CEO), Steven ... Read the full article
CFC acquires London-based insurtech ThreatInformer
24th January 2020
Specialist insurer CFC has announced the acquisition of London-based insurtech ThreatInformer. ThreatInformer leverages big data and machine learning tools to help insurers better understand their customers’ exposures. The insurtech compiles readily-available information about their risk profile from a variety of external sources. CFC hopes to streamline and improve its underwriting process and uncover ... Read the full article
CFC announces new cyber excess policy
10th January 2020
Specialist insurer CFC has announced the release of its new cyber excess solution, which gives small and medium sized businesses access to up to $10 million of excess cyber capacity. Offered globally and built for organisations with up to $1 billion in revenue, the policy also provides an automatic reinstatement of ... Read the full article
CFC’s cyber risk heat map looks to assist brokers
27th November 2019
Specialist insurer CFC has announced the launch of a free tool designed to help brokers sell cyber insurance. The new cyber risk heat map has been built from data that relates to 2,500 cyber claims that CFC has dealt with over the past 24 months, as well as trends that the ... Read the full article
CFC targets improved incident response capabilities with acquisition
9th October 2019
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. CFC'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 ... Read the full article
CFC adds Avraam to Medical Malpractice underwriting team
3rd October 2019
Specialist insurer CFC has recently announced the appointment of Avraam Avraam to its Medical Malpractice underwriting team. He will serve as team leader and work alongside practice leader Sharon Brennan in order to help develop the firm’s book of non-US international business. Avraam brings over 30 years’ experience in underwriting and broking, ... Read the full article
Aon’s Roger Francis joins CFC as Cyber Claims Director
25th July 2019
Specialist insurer CFC has announced the appointment of Roger Francis from re/insurance broker Aon as its new Cyber Claims Director. In his new role, Francis will lead the firm's cyber claims and incident response division, and will also take oversight of CFC's cyber risk management services. He brings 15 years of information ... Read the full article
CFC launches cyber insurance platform
28th May 2019
Specialist insurer CFC Underwriting has announced the launch of a new cyber insurance platform that enables brokers to access and “self-serve” the company’s cyber insurance products for SME clients. The platform will be available on 1 June 2019. Developed by CFC’s in-house technology and innovation team, the platform reportedly boasts an ... Read the full article
Hiscox’s Jonathan Fletcher named CFC’s new Chief Technology Officer
26th February 2019
Specialist insurer CFC Underwriting has announced the appointment of Jonathan Fletcher from Hiscox as its new Chief Technology Officer (CTO). In his new role, Fletcher will take oversight of the insurer's technology and infrastructure strategy, while leading the firm's expanding development and support teams. David Walsh, CFC's Chief Executive Officer (CEO), commented: ... Read the full article
CFC expands cyber policy to include business interruption
9th January 2019
London-headquartered specialist insurer CFC has expanded its cyber insurance offering to include business interruption triggered by an IT system failure as well as a malicious event. Also included in the updated policy is full supply chain business interruption cover, extending to events that impact the insured’s systems, the systems of technology ... Read the full article
Lloyd’s obtains CFC status and names Casablanca representative
20th September 2017
Lloyd’s has appointed Salah El-Kadiri as its first representative in Casablanca, following its receipt of CFC status by the Casablanca Finance City Authority (CFCA). With its CFC status, Lloyd's managing agents have permission to delegate underwriting authority to intermediaries, third party cover-holders, or service companies established in the CFC. El-Kadiri said; “I ... Read the full article
Howden bolsters presence in France with acquisition of brokerage group, OFRACAR
4th April 2024
Global re/insurance broker Howden has entered into an agreement to acquire OFRACAR, an independent brokerage group headquartered in Rouen. Established in 1964 by Jean-Pierre Lecomte, OFRACAR is a broker based in Normandy, that specialises in property & casualty, employee benefit, motor fleet and transport. The company consists of 84 staff in offices ... Read the full article