CFC has expanded its global leadership team with the appointment of two strategic senior hires. Katherine Nellums and Peter Samuel have joined CFC as Marketing Director and Human Resources Director, respectively.
“The passion, entrepreneurialism and sheer hard work of the team here at CFC has led to our business achieving exceptional year-on-year growth,” said CFC CEO, David Walsh. “We’re at an incredibly exciting stage in our journey as a company, and the addition of Katherine and Pete to our leadership team further solidifies our commitment to becoming a global leader in specialist insurance as well as an employer of choice in the London market.”
As Marketing Director, Nellums will oversee global marketing strategy and the execution of programs aimed at increasing brand awareness and generating demand for CFC’s broad range of specialist and emerging risk insurance products and services. Prior to CFC, Nellums was vice president of marketing at LoopUp (LSE: LOOP), a London-based software company which she helped float on the London Stock Exchange’s AIM market in 2016. She has 15 years’ experience driving strategic communications and marketing programs for fast-growth and newly-public technology companies in Silicon Valley and London.
As HR Director, Samuel will spearhead CFC’s people strategy including all aspects of talent management, recruitment, learning and development, and organizational planning, and will be responsible for efforts to embed CFC’s culture and brand values throughout the business. Samuel joins CFC with over 16 years’ experience in HR, most recently serving as Global HR Director for HiFX where he led and implemented HR strategy across Europe, North America and Australasia.
Walsh continued: “Katherine and Pete are high calibre professionals with deep expertise in their respective fields, and most importantly, they share our passion for the culture and vision of CFC. We are delighted to welcome them on board.”
CFC is proud to announce the appointment of Neil Beaton to build a new team focused on developing a suite of products for financial institutions.
Prior to joining CFC, Neil was Head of Financial Lines at Newline Group. He brings extensive experience of underwriting all types of financial institutions across a range of jurisdictions including the UK, Europe, the US, Asia Pacific and Australasia.
CFC Chief Underwriting Officer, Andrew Holmes, comments: “The look and feel of financial institutions is changing as they utilise more and more technology in their core operations. This evolution presents financial institutions with a new range of exposures which we believe the insurance market is not adequately addressing, whether that is a product designed for the new breed of Fintech companies or a crime proposition which properly caters for the way crime against financial institutions is committed in 2017. With CFC’s expertise in cyber and technology allied to Neil’s extensive experience of insuring financial institutions, we believe there is an exciting opportunity to bring a modern and relevant product set to this market.
“Neil is regarded in the London Market as a highly experienced financial institutions underwriter with a track record of sourcing and writing profitable business. I am delighted that we have attracted someone of his stature and skillset to create a suite of modern, market-leading products that will challenge the status quo of the financial institutions market.”
CFC Underwriting has added two new underwriters to its growing transaction liability team. This follows last year’s appointment of Matthew Giddings to drive the development of a new line of business for the specialist lines underwriting agency.
Naomi Collins joins from Allied World Assurance Company, where she was a senior underwriter in the mergers and acquisitions division, responsible for underwriting warranty and indemnity and other transactional insurance products. A qualified solicitor, Naomi was previously a corporate lawyer at top firms including Slaughter & May and Hogan Lovells.
Ben Nelson is a recently qualified solicitor and joins CFC from DLA Piper where he worked in a number of areas including corporate mergers and acquisitions, regulation, litigation and employment.
Commenting on their appointment, Matthew Giddings, Transaction Liability Practice Leader, said: “I’m delighted to welcome Naomi and Ben to the team. This is a sophisticated market and we are pleased to be joined by underwriters and lawyers with solid experience in the space. Their skills and experience will be a key part of our offering to the market, which we are aiming to launch in the coming weeks.”
3 Nov 15: Specialist lines underwriting agency, CFC today announces that it will be entering the medical malpractice market following the recruitment of Sharon Brennan and Jo Clift from W R Berkley.
Sharon has over 20 years’ experience in writing med mal business and joined W R Berkley in 2005 to set up its med mal account. She has successfully grown this book both in the UK and internationally and is a highly respected professional in this area of the market.
A seasoned insurance professional with 15 years’ experience, Jo has been a member of Sharon’s team at W R Berkley since 2008 and has personally underwritten a significant portion of the healthcare book.
Andrew Holmes, Chief Underwriting Officer at CFC, says: “CFC has had a long association with the healthcare liability market and has been successfully underwriting healthcare businesses for the past ten years. Although our focus has previously centred on building bespoke products for allied health professionals and long term care, we believe adding to our healthcare suite with a specific medical malpractice product is a logical step and will be an excellent fit for CFC.”
“Sharon has huge experience in this class and has exciting ideas as to how she can to build this new line of business as well as how we can possibly cross-sell through other areas. She and Jo are a strong team and we’re looking forward to welcoming them on board.”
11 Aug 15: Specialist lines underwriting agency, CFC, has appointed Patrick Brice to the newly created role of business development director.
Patrick will be responsible for directing the sales and distribution strategy across CFC’s global business. This includes the management of key broker relationships and communications, and delivering CFC’s business plan across all product lines.
He joins the business from RSA Group where he held a variety of roles across his 22 year career there, most recently as Director of Professional and Financial Risks in UK global specialty lines business.
Commenting on Patrick’s appointment, CFC Director Graeme Newman says: “Patrick has exceptional credentials. He has built an extensive industry network and has strong knowledge of the London, UK and European commercial insurance markets. He has a clear track record of developing and managing business relationships at the most senior level, creating high performing teams and driving profitable growth. We are delighted to be able to welcome him to the CFC team as we take the next steps forward in achieving our ambitions.”
30 Jul 15: CFC Underwriting has hired Matthew Giddings to drive the development of a new transactional liability team for the specialist lines underwriting agency.
A former lawyer with Fox Williams and Clifford Chance, Matthew joined Beazley in 2012 as an underwriter in its transaction liability team underwriting warranty and indemnity as well as tax and contingent insurance in the context of private equity and strategic mergers and acquisitions.
Andrew Holmes, CFC’s Chief Underwriting Officer, says: “Transactional liability is becoming a fast growing area of the global insurance market as strategic acquisitions and the divestment of non-core assets becomes ever more sophisticated. However, it is an area that can be challenging when it comes to securing capacity and so there are, perhaps unsurprisingly, relatively few suppliers. As a specialist lines underwriting agency with a particular focus on emerging risks, we want to build a solution for brokers that is easy for them to access and that delivers effective protection for their clients.”
Holmes continues: “Matthew has tremendous experience underwriting this class of business and his strong legal background gives him great insight into the risks these types of transactions present. I’m delighted to welcome him to the CFC team and look forward to supporting him as he develops what we believe will be an exciting new line of business.”
24 Jul 15: Specialist lines underwriting agency, CFC has appointed Natasha Catchpole to build a new team focused on developing product recall solutions.
Formerly an underwriter at Ark Syndicate Management where she spent just over three years writing product contamination and product recall business, Natasha has been working in the London insurance market for over 20 years. Previous roles include almost five years as an underwriter at XL Insurance specialising in product recall and over four years at QBE focused on D&O and management liability.
Andrew Holmes, CFC’s Chief Underwriting Officer, says: “The risk of a product recall has increased exponentially in recent years as global regulatory standards have increased in number and new product safety rules are implemented. Good news for consumers of course, however it means that food and beverage companies and manufacturers and distributors of component parts, amongst others, have ever more stringent obligations. The challenge is even greater for those that operate across multiple regions around the world. Regardless of varying global standards, mistakes will inevitably occur and the lack of adequate product recall coverage can have devastating consequences.
“We believe there are tremendous opportunities for CFC to build a new line of business, blending this cover with some of our existing products as well as creating standalone cover. Natasha has extensive experience in this class and we’re looking forward to welcoming her on board to help us develop a profitable new niche area.”
9 Jun 15: Specialist lines underwriting agency, CFC, has extended its kidnap & ransom team with the appointment of Mark Baker.
A well-known and highly respected figure in the London insurance market, Mark joins the business from Catlin where he spent four years as a K&R underwriter focusing on both land and marine. Previously Mark worked at Aon for 20 years, most recently in the crisis management team specifically focusing on terrorism and more latterly, product recall. He was also responsible for the creation and implementation of an e-commerce system to transact terrorism business.
Management liability practice leader, Kate Lyes, says: “We’ve experienced a strong response to the launch of our marine piracy policy at the beginning of the year, particularly as the online portal has made it incredibly easy for brokers to obtain quotes and issue policy documentation instantly. We want to build on the success of that technology and extend our capabilities for land K&R to create a standalone option rather than providing as part of a package. Mark has tremendous experience in not only underwriting this class of business, but equally important in developing technology platforms to support it. I’m delighted to welcome him to the CFC team.”
4 Mar 15: Specialist lines underwriting agency, CFC, today announces that Jamie Bouloux has joined its corporate cyber practice.
A well-known and highly respected figure in the global cyber market, Jamie joins the business from AIG where he was head of cyber and technology liability for Europe, Middle East and Africa. In his new role at CFC, Jamie will be driving the development of its large corporate cyber product on a global basis.
CFC launched its specialist cyber product for large corporates last summer. Offering limits up to $40M, the product provides broad cover for system damage and business interruption on a full non-physical perils basis and extends cover to protect companies against technology supply chain failure.
CFC director, Graeme Newman says: “Cyber risk is no longer just about data breaches. Since launching this ground-breaking facility last year, we’ve helped some of the world’s biggest brands secure the level of coverage they need not just for a data breach but also catastrophic technology failure and outage. Given the level of demand we’re experiencing and the continually evolving cyber risk landscape, we’re committed to driving the development of our large corporate product offering and so I’m delighted to welcome Jamie to our team. He has tremendous knowledge of the global cyber market and in particular, his experience in Europe and the Middle East will help us build our presence outside the markets where we are well established such as the UK, Canada, Australia and the US.”
Commenting on his new role, Jamie Bouloux adds: “Cyber insurance is in the spotlight more than ever. Governments around the world might debate security and privacy issues however insurers can’t sit back and await the outcomes. Huge global companies are at increasing risk from a growing number of cyber threats and we have a responsibility to provide cover that is fit for purpose. CFC has long been at the forefront of cyber risk and I’m excited to have joined a business that isn’t afraid to look at things differently and push the boundaries.”
15 Oct 2014: Specialist lines underwriting agency CFC, has today announced the appointment of Matthew Muggeridge as an underwriter on their intellectual property team.
Matthew joins CFC from Liberty Special Markets where he held the position of Underwriting Assistant within its strategic assets department. He has experience in devising innovative insurance products for emerging risks, with a strong focus on US-domiciled intellectual property and cyber underwriting.
In his new role, Matthew will work alongside Erik Alsegard, Intellectual Property Practice Leader, and the CFC IP team to drive forward the development and growth of CFC’s recently launched IP product.
Speaking about Matthews’s appointment, Alsegard said: “All business sectors now face increased competition where intellectual property is seen as a key competitive advantage, and this means that the associated risks are increasing. Our IP product is tackling these issues head on and has made a big impact in the market, but we are driven to achieve more. Matt’s knowledge of the IP needs of businesses around the globe, US IP law and insight into emerging IP risks will be invaluable in helping us achieve our ambitions. He is a great fit for our team, all of whom are selected based on their ability to innovate and deliver fresh ideas to specialist insurance markets.”
Matthew commented: “CFC offers me a new and exciting challenge. I look forward to building on the experience I have already gained at Liberty, and to working alongside Erik and the rest of the CFC team. CFC’s IP product is an example of true innovation in a highly complex and competitive market and I could not be more thrilled to be part of it.”