Today, we’re happy to announce that we have increased the available limits of our transaction liability insurance product suite across all territories.
We now have the capacity to offer limits up to $50m in North America, £30 million in the UK, €35 million in Euro zone countries and AU$50m in Australia.
Matthew Giddings, Transaction Liability Practice Leader, says: “Transaction liability insurance continues to gain traction with an increasing proportion of M&A deals using this type of cover as both a risk management and deal facilitation tool.
“CFC’s transaction liability practice has enjoyed a strong first trading period. Our focus on service, the experience of our underwriters and our ability to leverage other CFC specialisms such as cyber, intellectual property and product recall make us an attractive market. The increase in our capacity is an endorsement of our proposition in this fast-growing and competitive sector. We’re positive about the future and look forward to building on the success of our first year throughout 2017.”
Backed 100 percent by various Lloyd’s syndicates, the CFC offering is designed to meet the needs of clients and M&A professionals in the mid-market, lower mid-market and SME spaces across the world.
15 Jun 15: Specialist lines underwriting agency, CFC has announced the launch of O&G, its comprehensive insurance solution for a wide range of Australian oil and gas contractors such as drilling consultants and well-site operators, welding inspectors and geologists.
Andrew Holmes, Chief Underwriting Officer at CFC, says: “CFC’s O&G cover fills a gaping hole in the insurance market for Australian oil and gas professionals who are required to occasionally undertake manual work. They work in a complex and often hazardous industry and face a unique set of risks but, until now, have traditionally been overlooked by standard oil and gas policies. O&G provides a comprehensive solution tailored to their specific needs in one simple package at very competitive prices.”
A unique feature of the product is the ability to combine cover for financial loss arising from professional advice with cover for bodily injury or property damage claims arising from hands-on work. O&G’s comprehensive package also includes full civil liability professional indemnity cover, broad breach of contract protection and commercial general liability.
100% backed by Lloyd’s of London, CFC has capacity to offer limits of liability of up to AU$5 million and deductibles start from just AU$2,500.