CFC
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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.
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Scott Bailey previously spent 12 years at CFC managing the technology and media division.
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The MGA has grown its fintech book by 100% in the last year and the new team will be led by Hannah Durrant.
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The move marks a return to the MGA for Bailey, who was one of CFC’s early employees.
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The executive will work to develop insurance products and solutions at the MGA.
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The MGA is a “significant way down the road” in establishing an independent body in the UK for declaring and categorising cyber catastrophe events.
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The Lloyd’s chairman acknowledged that, five years ago, the corporation wasn’t “match fit”.
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The appointment of Granger follows other recent cyber market moves, including the entry of Starr to the market.
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Inigo 1301 achieved the greatest scale of the new syndicates, writing $428mn of business.
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The appointment comes in the wake of a major private equity deal for CFC, and the launch of a Lloyd’s syndicate.
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The new team now counts 15 underwriters working with 1,600 brokers across 80 countries to reach more than 6,000 clients.
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