London's CFC Gears Up for Australian Expansion With Local Acquisition

The information on this website is general in nature and does not take into account your objectives, financial situation, or needs. Consider seeking personal advice from a licensed adviser before acting on any information.

Having served Australian clients for over twenty years, CFC's integration with Solution Underwriting will not only enhance their service offerings but also expand their reach with the establishment of five key offices employing roughly 100 personnel throughout Australia.

Louise O’Shea, CFC Group CEO, voiced her anticipation for sustained growth and investment opportunities within the thriving Australian market. She praised the team at Solution Underwriting for their entrepreneurial spirit and innovative practices which she believes align perfectly with CFC's ethos.

Solution Underwriting, which operates out of major cities including Sydney, Brisbane, and Perth besides its Melbourne headquarters, is a specialist agency dedicated to financial lines products. With over 14 years of local experience, Solution Underwriting has carved a niche in catering to the insurance needs of SMEs via an extensive broker network.

Rhys Mills, the Managing Director of Solution Underwriting, expressed confidence that the merger with CFC will offer customers a broader array of specialized insurance solutions. He highlighted CFC's global expertise and advanced technological resources as key benefits for their client base.

Since its entrance into the Australian market, CFC has demonstrated a pattern of strategic expansion. The company has global offices including a historic presence in the United States with offices in New York, San Francisco, and Austin, as well as a hub in Brussels serving European clientele. CFC notably extended its foothold in Australia by opening a Brisbane office post-acquiring Insane Technologies in the year 2021.

The undertaken agreement between CFC and Solution Underwriting is projected to reach completion by the end of the current month, suggesting an immediate impact on both companies' operations and signaling CFC's vested interest in strengthening its international presence, starting with the Australian insurance landscape.

Published:Thursday, 18th Apr 2024
Source: Paige Estritori

Please Note: If this information affects you, seek advice from a licensed professional.

Share this news item:

Insurance News

Clear

ICA Advocates for Overhaul of Civil Liability Laws to Curb Rising Insurance Premiums

24 Feb 2026: Paige Estritori

The Insurance Council of Australia (ICA) has recently released a white paper highlighting the urgent need for reforms to state and territory civil liability laws, which have remained largely unchanged for nearly 25 years. These outdated laws are contributing to significant increases in public liability insurance premiums, affecting a wide range of businesses across the nation. - read more

Liberty Adds 'Safe Harbour' Insolvency Cover to D&O Policies

24 Feb 2026: Paige Estritori

Liberty Specialty Markets has announced the addition of a company insolvency extension to its Australian directors' and officers' (D&O) liability policies. This innovative feature is designed to support companies and their directors by covering reasonable costs incurred when engaging approved advisers under the 'safe harbour' insolvency regime. - read more

APRA Reports Significant Underwriting Gains in Short-Tail Insurance

24 Feb 2026: Paige Estritori

The Australian Prudential Regulation Authority (APRA) has released data indicating a substantial underwriting profit of $1.55 billion in short-tail insurance lines for the September quarter. This marks a notable improvement in the sector's performance, with householders insurance contributing $636 million to the overall profit. - read more

Undisclosed Tenant Activities Result in Denied Insurance Claim for Landlord

24 Feb 2026: Paige Estritori

In a recent ruling by the Australian Financial Complaints Authority (AFCA), a landlord's $99,295 theft claim was denied due to non-disclosure of a tenant's change in property use. The case underscores the critical importance of accurate tenant use disclosure in property insurance policies. - read more

Insurer Required to Honour Arson Claim Amidst Director's Undisclosed Criminal Past

24 Feb 2026: Paige Estritori

The Australian Financial Complaints Authority (AFCA) recently ruled that an insurer must pay an arson claim, despite the insured company's director having an undisclosed criminal history. This decision emphasizes the insurer's responsibility to prove non-disclosure when denying claims. - read more

Click for more Insurance News