CFC, the specialist insurance provider, pioneer in emerging risk and market leader in cyber, has announced the appointment of Gary Newson as management liability development manager.
Based in Perth, Newson will be responsible for developing the SME management liability portfolio in Australia and strengthening relationships with brokers across the country.
“We have successfully built our Australian portfolio over the past 10 years from London, and now is the perfect time to have boots on the ground in order to deliver a faster, more efficient service for our broker partners,” said Kate Lyes, Head of Specialty Lines at CFC.
I am delighted to welcome Gary to the team. He is broker centric with the depth of experience needed in this challenging market where competition is fierce, and the legal, political and regulatory landscape is ever-changing. He joins CFC at an exciting time as we continue to build out our management liability capabilities in Australia, bolstered by the upcoming launch of our new policy wording on our Connect underwriting platform in July. Kate Lyes, Head of Specialty Lines, CFC
The first trading platform to offer single question quoting for commercial specialty lines insurance in Australia, Connect is the fastest and simplest way to transact business with CFC. Brokers can quote and bind in a matter of minutes without requiring support from underwriting teams.
Newson previously worked for CFC as international management liability underwriter, based in London, where he helped build out the Australian portfolio from scratch. He rejoins the business after two years in financial and executive risk account management at WTW.
Commenting on his new role at CFC, he said: “It’s an exciting time to be rejoining CFC as it grows its presence further on the ground in Australia. The market is crying out for a small to mid-market management liability insurer who can deliver a fast, efficient service matched by expertise on the ground. By leveraging our technology capabilities and adding a personal touch, I am confident we will not only strengthen our current relationships but also increase awareness of our offering to new partners.”
CFC’s updated management liability policy offers D&O, comprehensive employment practices liability and fidelity coverage, as well as cover for corporate reputation protection and crisis management.
