CFC appoints Scott Bailey as cyber underwriting leader
CFC, the specialist insurance provider, pioneer in emerging risk and market leader in cyber, announced today that it has appointed Scott Bailey as cyber underwriting leader.
In this newly created role, Scott will be responsible for the strategic underwriting management of CFC’s entire cyber portfolio.
“The growth of our cyber business over the past two years has been nothing short of phenomenal. We’re now approaching $1BN in premium and our portfolio of customers is one of the largest in the world,” said Andy Holmes, Chief Underwriting Officer at CFC. “The range of businesses trusting our proactive cyber service stretches from micro enterprises to large global corporates across almost every industry sector and across the four corners of the world. As the size and complexity of our portfolio is only going to increase, we saw the need for a highly experienced cyber professional to manage our underwriting performance and deliver sustainable growth.”
Scott returns to CFC after almost 10 years at Markel International, the last four as managing director of its cyber division, and a year as European underwriting director for technology/cyber at CNA Europe. He previously spent 12 years at CFC managing the technology and media division.
I’m relishing the opportunity to work with the amazing talent on the CFC cyber underwriting team
Commenting on his new role Scott added, “CFC has been a trailblazer in the cyber market for over twenty years and has constantly pushed the boundaries. It was the first to build an in-house response capability – now the largest in the world – and it has revolutionised how cyber is underwritten, being the first cyber insurer to deliver a proactive service rather than just a reactive policy. I’m relishing the opportunity to work with the amazing talent on the CFC cyber underwriting team.”
A pioneer in the cyber insurance market, CFC has built marketing leading positions in the UK, Canada and Australia and is a top five provider in the United States. Since launching its proactive cyber service in 2019, providing policyholders with proactive and targeted security alerts, CFC has prevented thousands of cyber attacks through notifying its customers.
Read more about CFC’s market-leading cyber proposition here.
CFC is a specialist insurance provider, pioneer in emerging risk and market leader in cyber. Our global insurance platform uses cutting-edge technology and data science to deliver smarter, faster underwriting and protect customers from today’s most critical business risks.
Headquartered in London with offices in New York, Austin, Brussels and Brisbane, CFC has nearly 700 staff and is trusted by more than 100,000 businesses in 90 countries. Learn more at cfc.com and LinkedIn