CFC
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In an interview with sister publication Insider Quarterly, CEO David Walsh said growth would be achieved organically rather than via M&A. -
Changes in leading positions point to a fluid market for cyber talent.
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The cyber specialist carrier says the Texan company will bolster its in-house capabilities.
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The executive is understood to be pursuing interests outside the insurance industry.
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Angus Marshall has worked in AIG’s M&A team for more than six years.
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The MGA brought in company market paper to support a plan to expand premium by 25 percent to around $500mn over 12 months.
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The MGA is reviewing pitches from brokers to restructure its binders and bring in alternative sources of paper alongside Lloyd’s capacity.
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A total of 648 validated nomination were received in The Insurance Insider’s cyber rankings this year – a 40 percent increase year on year.
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Carriers and MGAs are seeing increased demand for intellectual property (IP) cover as awareness grows around the inherent value in intangible assets
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Paper providers are demanding greater transparency from MGAs as the need to streamline costs puts renewed pressure on the distribution model.
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The launch follows the hire of Neil Beaton in November
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Ahead of the PLUS cyber symposium, the development of the cyber market remains a hot topic.
