CFC
-
This publication revealed in April that Evercore had been retained to run a process for the cyber-focused MGA. -
The new CEO identified cyber reinsurance as an area where the carrier could look to grow in a core class.
-
The management change follows a period of major expansion for the business, which has launched its own syndicate.
-
The Canadian pension fund and the ILS fund provide Funds at Lloyd’s capital alongside traditional reinsurers.
-
With ILS and pension fund money now confirmed for Syndicate 1988, there are further observations for the vehicle launch.
-
The London MGA is launching a Lloyd’s vehicle to take on a share of the business that it writes.
-
Through five promotions, the carrier has introduced a new layer of management to support its growth plans.
-
Aon-Willis, CFC's new Lloyd's syndicate, Talbot's contingency retreat and more.
-
The launch marks the next logical move for the MGA, but has wider ramifications for Lloyd’s and the MGA market.
-
The MGA will put some of its own capital behind the new syndicate, which will assume 20% of the risk from across its portfolio.
-
The MGA aims to improve its cyber claims and incident response abilities through the deal.
-
Ben Atkins heads for the Catlin-Brand start-up, while terrorism underwriter Harry Salmon joins IGI.
