Specialist insurance provider, CFC, is acquiring Australian managing general agent, Solution Underwriting.

Headquartered in Melbourne, with offices in Sydney, Brisbane and Perth, Solution is a specialist insurance underwriter focused largely on financial lines. With over 14 years’ experience in the Australian market, Solution has a broad broker distribution network serving SMEs across the country.

“Australia is a fast-growing, dynamic market and we’re excited for the opportunity to continue investing in the region," said CFC Group CEO, Louise O’Shea. "The team at Solution are a great fit for CFC – they bring an established footprint and an entrepreneurial, innovative culture similar to our own. We look forward to working with them to accelerate our combined Australian business."

“CFC is an innovative, market-leading insurance business with a strong reputation in Australia and abroad," added Rhys Mills, managing director of Solution Underwriting. "We’re excited to join CFC and deliver our customers access to a broad suite of specialist insurance solutions backed by cutting-edge technology and a global team of experts."

CFC has been trading in Australia for more than two decades. With the acquisition of Solution, CFC will have five local offices and nearly 100 staff on the ground in Australia.

The deal is expected to complete on 30th April 2024.

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