CFC Launches First Insurance Offering for Financial Institutions
Comprehensive policy for investment managers extends traditional cover to include cyber and kidnap and ransom
Combining its heritage in cyber and technology insurance with expertise in financial institutions, CFC’s IMI product knits together the traditional cover that investment managers require with comprehensive cover for emerging risks including cyber and kidnap and ransom, into a single policy.
Cover is provided for management liability, professional liability, crime, and regulatory investigations, and cyber coverage can be easily added on to protect against the financial impact caused by privacy and cyber-crime events. Should they need it, policyholders also have access to CFC’s industry-leading incident response team. Additional D&O limits are available for non-executive directors.
The IMI policy also offers global coverage as standard, so that companies are covered for claims made anywhere in the world, not just in a single territory.
“We saw a clear gap in the market for a comprehensive product addressing the need for protection against emerging, complex risks in the investment management space. Being able to offer a fully-blended policy reduces gaps and overlaps in cover.”
CFC’s IMI product is suitable for hedge funds, long-only equity funds, private equity and venture capitalists, REITs and other property (
CFC announced the creation of its financial institutions practice led by
About CFC Underwriting
CFC is a specialist insurance provider with a track record of pioneering emerging risks and disrupting inefficient insurance markets. Our plain language policies are purpose-built for today’s risks, and we build market-leading technology to streamline the insurance buying process and deliver relevant, up-to-date products easily and efficiently. CFC is backed by Lloyd’s and offers a broad range of commercial insurance products to more than 60,000 businesses in over 75 countries.
For more information please visit www.cfcunderwriting.com. Or follow CFC on LinkedIn Twitter.
View source version on businesswire.com: https://www.businesswire.com/news/home/20180612005793/en/
Media
CFC Underwriting
[email protected]
or
US:
Cognito
[email protected]
or
LMR Communications
[email protected]
Source: CFC Underwriting
President Donald J. Trump Approves New Jersey Disaster Declaration
The Entrust Group Reveals 2018 Real Estate IRA Investor Market Research Report with Exclusive Industry Trends and Insights
Advisor News
Annuity News
Health/Employee Benefits News
Life Insurance News