CFC
-
At the CFC Summit 2023, James Burns said that clearer cyber systemic risk definitions in policies could enable the formation of a "true cyber catastrophe market".
-
Existing CUO Andy Holme will move to a broader group role.
-
James Burns, head of cyber strategy at CFC, said updated war exclusions could be beneficial for policyholders if properly defined.
-
Simon Hughes spent just under seven years as CFC’s cyber team leader.
-
The carrier also posted a 187.3% increase in its GWP, reporting premiums of $218.8mn in 2022.
-
Scott Bailey previously spent 12 years at CFC managing the technology and media division.
-
The MGA has grown its fintech book by 100% in the last year and the new team will be led by Hannah Durrant.
-
The move marks a return to the MGA for Bailey, who was one of CFC’s early employees.
-
The executive will work to develop insurance products and solutions at the MGA.
-
The MGA is a “significant way down the road” in establishing an independent body in the UK for declaring and categorising cyber catastrophe events.
-
The Lloyd’s chairman acknowledged that, five years ago, the corporation wasn’t “match fit”.
-
The appointment of Granger follows other recent cyber market moves, including the entry of Starr to the market.
Most Recent
-
Corvus highlights FCA Dear CEO letter on cyber wordings
29 September 2023 -
Aspen promotes Bianconi to global cyber head
29 September 2023 -
Beazley hires Chaucer’s Sheppard for renewable energy expansion
29 September 2023 -
Bank of England to create lending facility for insurers
29 September 2023 -
R&Q posts H1 operating loss of $58mn after legacy adverse development
29 September 2023