Australian specialist agency Solution Underwriting has rebranded as a CFC business after the UK cyber expert bought it last April.

The agency has added local capabilities in cyber and transaction liability to increase its offering to brokers, and plans to expand into management liability, tech, media and intellectual property in coming months.  

“Becoming part of CFC has allowed us to bring a range of fresh new products to our partners and give their clients access to market-leading proactive insurance services,” CFC Australia MD Anita Lane said. 

“Combining our local expertise with that of our colleagues based in London is a compelling proposition.” 

CFC now has more than 100 staff in five offices across Australia. Its teams in Brisbane, Melbourne, Perth and Sydney support brokers in eight key business lines. Its cybersecurity team is on the Gold Coast.  

Group CEO Louise O’Shea says CFC will “grow our presence significantly in the Australian insurance market over the coming years”.

She says it has been a key market for two decades and “over this period, we’ve built a broad distribution network and become the leading cyber insurance provider in the region”.