Ransomware attacks increased in terms of both severity and costs this year, forcing insurers to become more selective and even scale back on the cover they offer against cyber crimes, a report from a leading insurer showed. The total costs …
CFC, a specialist insurance provider specializing in emerging risks, has expanded its suite of terrorism and sabotage insurance products to include standalone active assailant cover. The active assailant policy covers businesses in the event of any premeditated physical attack that …
The demand for intellectual property (IP) cover has been increasing year on year as businesses become more aware of the threat not only to their own IP, but also the potential that they may face a claim of infringement by …
CFC has upgraded its cyber incident response mobile app to provide proactive and targeted cybersecurity alerts for CFC cyber insurance policyholders and immediate access to cyber security risk mitigation experts. Using the company’s data enrichment platform and threat intelligence feeds, …
CFC, a specialist insurance provider of emerging risks, has expanded its suite of products for financial institutions with the launch of a new product built specifically to cover the risks faced by organizations operating in the fintech space. According to …
CFC has released an insurance product for licensing agreements that expands on the company’s suite of media and intellectual property insurance products. According to the company, the global licensing industry is rapidly expanding as brand owners increasingly monetize their intellectual …
OneAdvent, a London-based managing general agent (MGA) platform, announced the acquisition of Modus Underwriting Ltd., a digital-first MGA focused on providing niche property insurance products to brokers across the UK. Modus was purchased from CFC Underwriting for an undisclosed amount. …
CFC, the specialist managing general agent, announced it has acquired the London-based insurtech firm, ThreatInformer. Leveraging a combination of artificial intelligence and machine learning, ThreatInformer’s data enrichment technology helps insurance companies better understand their customers’ exposures by compiling readily-available information …
Specialty insurer CFC has appointed Angus Marshall as its Transaction Liability practice leader. Marshall joins CFC from American International Group where he led the UK and London Market mergers and acquisitions (M&A) team for more than four years. Prior to …
CFC Underwriting, the London-based specialist managing general agent, announced it has upgraded its product recall suite of coverages. The new extensions include regulatory advisory coverage which addresses the emerging need for coverage in the recall market for outbreaks and public …
