CFC on schedule for launch of Lloyd's Syndicate

Specialist insurer, CFC has received ‘in principle’ approval from Lloyd’s to create its new Syndicate 1988.

Managed by Asta Managing Agency, work is underway to secure final approvals to commence underwriting business incepting 1st July.

The syndicate will write a cross-section of CFC’s established portfolio of specialist, emerging and digital economy risks with planned gross premium of over £100m for its first year of trading. Capital will be provided by CFC and third-party capital-providers.

Emerging and digital economy risks, an area of high structural growth, are CFC’s core focus.

“A CFC syndicate supports our ambitious, technology-driven roadmap by bringing new capital to the table and offering access to licensing and resources that only Lloyd’s can provide,’ said Dave Walsh, CFC founder and CEO. ‘We’re excited to broaden our partnership with Lloyd’s and look forward to supporting the Future at Lloyd’s vision.”

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