We’re happy to announce the launch of Biosurance® PH. A brand new product which addresses the unique set of risks faced by pharmaceutical companies, from drug designers and licence holders to manufacturers, wholesalers and retailers.
Many traditional insurance policies have not adequately addressed the real risks faced by these companies.
Recognising this, we’ve introduced genuinely new and much needed capacity into the market without the restrictions that many reinsurers usually insist upon. This means we have a great deal of flexibility in our approach in areas like drug exclusion lists, USA domiciled manufacturing activities of non-USA parent companies and USA exports.
Biosurance® PH covers companies with revenues of up to £500m. In addition, the policy offers public, pollution and products liability limits of £15m and employers’ liability limits of £10m. As brokers have come to expect from us, Biosurance® PH delivers a streamlined application form and clear policy wording.
We are pleased to announce the arrival of Simon Richardson as property practice leader, a newly created role at CFC.
Former Director of Howden’s North America Property and Casualty Division, Simon has over 10 years experience in insurance and reinsurance predominantly within the US property and terrorism market. In his new role, Simon will direct his expertise towards defining CFC’s property strategy and underwriting approach and creating a suite of tailored and innovative products.
CFC Underwriting Director Andrew Holmes comments: “We are delighted to welcome Simon on board. His appointment demonstrates our commitment to bringing in leading professionals to drive constant expansion and innovation. As we’ve grown, property has become an increasingly important part of our overall product offering and it is certainly something our brokers have been increasingly asking us for. The time was therefore right to bring someone on board to manage and develop our property portfolio. With his extensive relationships across the property and casualty markets and broad range of underwriting and business development expertise, Simon was the obvious choice to lead the expansion of this new area for us.”
We are pleased to announce our launch into the intellectual property market following the transfer of Munich Re’s intellectual property team led by Erik Alsegard.
Over the last few years, we have seen a growing demand from our existing client base for intellectual property rights insurance. Protecting IP assets and exposures is vital to any business, but particularly to start ups and growing businesses in the media, technology, life science and pharmaceutical industries. The addition of the Munich Re team is therefore a natural progression as it complements our existing offerings for these industries.
Commenting on his new role at CFC, Erik Alsegard said: “CFC has built a reputation based on its unwavering commitment to delivering remarkable products backed up by remarkable service. I have been really impressed with the efficiency of its underwriting operation and its global distribution. I am truly excited to be joining the CFC team and look forward to building a practice that is every bit as successful as CFC’s current areas of expertise.”
ExecSurance™ R&T is designed to protect directors, officers and committee members that sit on the boards of residents and tenants associations against the broad range of personal liability exposures they face. Rather than simply adapting an existing D&O policy, we’ve provided full entity cover for the association and do not limit this to wrongful acts of the individuals managing the company. In addition, we’ve also removed the bodily injury, property damage and failure to maintain insurance exclusions all too frequently applied to this type of insurance.
Like all of our products, ExecSurance™ R&T is a modular policy allowing brokers and clients to pick and choose their basket of covers. Key features include:
- Comprehensive individual cover
- Association cover not tied to wrongful acts of individuals
- Loss of documents cover
- Court attendance cover
- Loss mitigation cover
- Reputation and brand cover
We’re pleased to introduce our new and innovative standalone terrorism policy, T&S, which is available for customers across the US. To learn more about it, watch the video below. For a brochure and details on how to get a quote, simply go to our website.
As people everywhere return to the gym to shed those pesky holiday pounds, we are pleased to announce the launch of our new product designed specifically for fitness instructors and clubs in Canada, MedSurance® FIT. This comprehensive package policy provides broad cover to everyone from yoga instructors and dietary workers to personal trainers and fitness clubs.
MedSurance® FIT covers the full range of exposures fitness professionals face including general liability, professional liability, sexual abuse and molestation cover, products and completed ops liability, tenants’ liability, medical expenses cover, loss mitigation and brand protection cover. The policy comes with worldwide jurisdiction as standard.
Plus, MedSurance® FIT premiums are available from as little as $75 and it provides cover up to $5m. As with all CFC policies, the product is backed up by awesome service levels with most quotes provided within 48 hours and a fast-track same day service for urgent submissions.
If you’re interested in MedSurance® FIT or would like to learn more, you can find more information on our website. For a full policy wording or if you have any other questions at all, simply contact our healthcare team by clicking here.
Sorry for the delay folks! The winner of this year’s best costume prize, with nearly 50% of the votes, is Evil Wally! Congratulations to Julian Kirkby from UIB. Your champagne and lovely trophy is in the post!