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
Author: Paige Estritori

Please Note: We do not endorse any specific products or companies. Some content is sourced from third parties, including press releases, and may not be independently verified for accuracy or completeness.

Share this news item:

Insurance News

Clear

Record Complaints Highlight Challenges in Australian Insurance Claims Processing

29 Apr 2026: Paige Estritori

The Australian insurance industry is currently facing an unprecedented surge in consumer complaints, primarily due to delays in processing claims. This development underscores significant challenges within the sector, particularly affecting tradespeople and small business owners who depend on timely claim resolutions to maintain their operations. - read more

Assessing the Impact of Market Consolidation on Australian Insurance Competition

29 Apr 2026: Paige Estritori

The Australian insurance industry has undergone significant consolidation in recent years, leading to concerns about reduced competition and its potential impact on consumers, particularly tradespeople and small business owners who rely on diverse and competitive insurance options. - read more

Australian Senate Prohibits Use of Genetic Test Results in Life Insurance Underwriting

29 Apr 2026: Paige Estritori

The Australian Senate has recently passed legislation that prohibits life insurers from using genetic test results in their underwriting processes. This landmark decision aims to protect consumers from potential discrimination based on their genetic information and to ensure fairness in the assessment of life insurance policies. - read more

Government Steps In to Secure Fertiliser Supply for Australian Farmers

29 Apr 2026: Paige Estritori

In response to global supply chain disruptions affecting fertiliser availability, the Australian government has partnered with chemical companies CSBP and Incitec Pivot to ensure a steady supply for the nation's farmers. This initiative comes amid challenges posed by the closure of the Strait of Hormuz, a critical passage for global trade, which has led to increased prices and uncertainty in the fertiliser market. - read more

CGU and WFI Insurance Collaborate with Ag Guard to Boost Agricultural Coverage

29 Apr 2026: Paige Estritori

In a strategic move to bolster agricultural insurance offerings, IAG's Intermediated Insurance Australia business, encompassing the CGU and WFI Insurance brands, has announced an exclusive partnership with Ag Guard, a technology-driven agricultural insurance agency. This collaboration, set to commence in June 2026, aims to enhance risk selection processes and claims handling capabilities. - read more

Click for more Insurance News