CFC
-
The appointment of Granger follows other recent cyber market moves, including the entry of Starr to the market. -
Inigo 1301 achieved the greatest scale of the new syndicates, writing $428mn of business.
-
The appointment comes in the wake of a major private equity deal for CFC, and the launch of a Lloyd’s syndicate.
-
The new team now counts 15 underwriters working with 1,600 brokers across 80 countries to reach more than 6,000 clients.
-
The contingency book was skewed towards prize indemnity and over redemption, representing less than 1% of CFC’s business.
-
Claims data points to a lower average cost of claim per claimant for a systemic event compared with attritional or non-systemic claims, according to head of cyber James Burns.
-
In an interview, group CEO David Walsh and CEO Graeme Newman discussed securing growth, technology and the importance of capital optionality following CFC’s most recent PE buy in.
-
The new London Bridge framework is less useful to the bulk of specialist ILS asset managers than it is end investors.
-
The record-breaking deal valued CFC at more than £2.5bn, equivalent to in excess of 40x Ebitda.
-
CFC group CEO David Walsh has said his firm will not need to pursue inorganic growth via M&A with the additional firepower secured with the MGA’s buy-in deal with private equity houses EQT and Vitruvian.
-
Insurance Insider revealed yesterday the capital injection had valued the business at over £2.5bn ($3.5bn).
-
The valuation represents a sector-leading multiple of in excess of 40x Ebitda.
Most Recent
-
AJ Gallagher acquires Ireland-based Innovu Insurance
24 June 2022 -
QBE’s Gordon set to replace Jakobek as PPL CEO
24 June 2022 -
Miller appoints Bramwell for media insurance push
24 June 2022
