London-based CFC Underwriting has launched an excess underwriting capability. CFC is a specialist lines underwriting agency backed by 17 Lloyd’s syndicates. It has clients in over 50 countries around the world and specializes in “developing and distributing cutting edge insurance products for specific niche markets,” said the bulletin.
Underwriting Director, Andrew Holmes, commented: “CFC has traditionally written business on a primary basis and so we are delighted to be able to respond to requests from our global network of brokers and extend our capability to write excess business. We recognize that accessing quality excess capacity represents a challenge for many of the brokers we work with, particularly regional firms and those overseas.
“This move represents a natural extension of our overall proposition and, of course, the brokers we work with on an excess basis will experience the same speed of response and ability to access information quickly and simply as they do on their primary business,” he added.
CFC said it would “write excess business across its entire product range and across all the countries in which its brokers operate including the United Kingdom, Europe, North America and Australasia.”
Source: CFC Underwriting