CFC Underwriting
Insurers expecting ransomware claims to increase following Wanna Cry hack
Cyber attacks carried out with ransomware are becoming more common with the number of ransomware claims rising to 22.4% in 2017, CFC Underwriting has said.
NHS attack highlights industry's 'wrong direction' on cyber
A ransomware attack on the NHS has highlighted the “wrong direction” the insurance industry has taken on cyber, experts have warned.
Biba 2017: GDPR will not have drastic effect on cyber insurance
The General Data Protection Regulations will not have as big an effect on cyber policies and the regulator may not enforce it as strictly as expected.
CFC Underwriting CEO leads private-equity backed MBO
The CEO of CFC Underwriting will lead a private-equity backed management buy-out of the business.
The Cyber Insurer and Broker Assembly 2017 - as it happened
The Cyber Insurer and Broker Assembly took place on 23 March. Post's journalists reported live from the event.
Cyber regulation: Cyber’s new rules
The tightening of data regulation next year could drive demand for cyber cover and, with the reporting of breaches becoming compulsory, it may help underwriters price this new risk ever more accurately
Phone app allows policyholders to log a cyber claim
A phone app that enables policyholders to easily claim for a cyber breach has been launched by CFC Underwriting.
Social media libel: Keyboard warriors
Social media grants people the ability to broadcast their opinions to a wide audience. What coverage can insurers provide against libel?
Biba launches product recall scheme through CFC Underwriting
The British Insurance Brokers’ Association has launched a Product Recall scheme through its member CFC Underwriting.
Cyber insurance market has 'hit a fork in the road' in 2016
Cyber policy writing has reached a ‘fork in the road’ as the industry is pulling in different directions when it comes to policy cover.
Cyber insurance: Developing knowledge
With the number of cyber crimes increasing, knowledge of attacks is developing enough for cover to be rolled out. What are the options for insurers?
Cyber criminals increasingly moving from privacy breaches to extortion
Increasingly sophisticated malware and ransomware attacks are rising to the top of the cyber threat list, with industry cyber experts predicting a surge in ransomware incidents in 2016.
CFC hires Matt Taylor to head emerging risks business
CFC has hired Matt Taylor as its head of emerging risks, as the underwriting agency continues the growth of the business.
Product Liability Food: Leaving a nasty taste
There are many toxic risks when it comes to food manufacture, with the recent Mars chocolate recall prompting businesses to assess their exposure
Intellectual Property: Protecting bright ideas
It is a sad fact that most businesses only appreciate the value of intellectual property insurance once it is too late. So why is it vital?
UK cyber market to resemble US amid tougher EU penalty regime
The UK insurance market is expected to increasingly follow its US counterpart as incoming EU legislation substantially toughens up penalties for data breaches.
Market Moves - 28 January 2016
All the latest movers and shakers in the industry.
Catlin and former Home Secretary back 'Cyber Re' idea
Insurer boss Stephen Catlin and former Home Secretary Lord David Blunkett have both expressed support for the idea of a government-backed reinsurance scheme for cyber crime.
Market Moves - 12 November 2015
All the latest movers and shakers in the insurance industry.
CFC expands healthcare offering with medical malpractice account
Lloyd's managing general agent CFC is to enter the medical malpractice market and has poached two people from WR Berkley to run the account.
CFC to offer clients free Cyber Essentials
Specialist lines underwriting agency CFC will provide its clients with free Cyber Essentials certification through its newly launched cyber portal.
CFC launches global cyber risk portal
CFC has extended its cyber product suite with the launch of an online hub, which it claims enables brokers to deliver an end-to-end solution to their clients.
Pool Re boss raises prospect of separate cyber reinsurance scheme
Funds for a potential public-private reinsurance scheme for cyber catastrophes should not be mingled with Pool Re, however, the remit of the terrorism fund's management team could be extended to operate a separate cyber initiative.
CFC partners with security ratings firm Bit Sight
Specialist lines underwriting agency CFC has formed a partnership with cyber security ratings agency, Bit Sight Technologies.