Two pieces of news provide a flicker of hope amid the doom and gloom.
16th May 2014: Specialist lines underwriting agency, CFC, today announced that Victoria Paxton has joined the business from Beazley as the Practice Leader for Cyber, Technology and Media.
A well-known and highly respected figure in the London market, Victoria is a renowned specialist in cyber with over 15 years experience in this class of business most recently as Beazley’s senior underwriter for cyber focusing on US healthcare. Previous to Beazley, she also excelled at roles at both Willis and Aon, and in 2012, was shortlisted for the Young Underwriter Meteor of the Year Award at the Insurance Insider Honours.
Having identified the new breed of risks posed by media and technological advance before the turn of the millennium, CFC pioneered the development of cyber liability to become one of the most pre-eminent insurers in the cyber market. CFC now has 15 year’s experience of writing innovative cyber policies that truly address the real risks faced by its clients in over 60 countries around the world. They have also built an impressive team that are changing the face of cyber cover and constantly innovating to address the changing landscape of cyber risk worldwide.
CFC Underwriting Director Andrew Holmes says: “We are delighted to welcome Vicky on board. Her appointment is part of a major investment we’re making in cyber and being able to attract one of the top underwriters from the current market leader is a real coup for us. I believe her appointment shows our commitment to bring on board leading industry professionals to drive constant expansion and innovation in existing lines of business as well as new areas at CFC.”
Commenting on her new role Paxton said: “I’ve always admired how CFC has been at the forefront of cyber risk and responsible for much of the innovation that we’ve seen in the market over recent years. It’s possibly the most dynamic class of business to be involved in as the risk landscape is constantly changing. I’m very excited at the prospect of being part of a business that is looking to push the boundaries in this area and others.”
Lesley Bennett: Mobile +44 (0)7815 778038 or email: firstname.lastname@example.org
CFC Underwriting is an award winning Lloyd’s MGA specialising in developing and distributing cutting edge insurance products for specific niche markets.
Based in London, CFC has clients in over 60 countries around the world and is backed by 22 Lloyd’s Syndicates.
CFC was named Underwriter of the Year at the 2010 British Insurance Awards, Underwriting Team of the Year at the 2011 London Market Awards, MGA of the Year at the 2012 Insurance Times Awards and won the prestigious Queens Award for Enterprise in International Trade in 2013.