London-based cyber specialist CFC has acquired Solution Underwriting, expanding its presence in the Australian market.

CFC, which has been trading in Australia for more than two decades, will have five offices and nearly 100 staff locally following the Solution Underwriting deal. 

“Australia is a fast-growing, dynamic market and we’re excited for the opportunity to continue investing in the region,” CFC Group CEO Louise O’Shea said today. 

“The team at Solution are a great fit for CFC. They bring an established footprint and an entrepreneurial, innovative culture similar to our own. We look forward to working with them to accelerate our combined Australian business.” 

Melbourne-based Solution also has offices in Sydney, Brisbane and Perth. The specialist agency focuses largely on financial lines products, has more than 14 years’ experience locally and has provided cover to SMEs through a broad broker distribution network. 

Solution MD Rhys Mills says joining CFC will give customers access to a suite of specialist insurance solutions backed by cutting-edge technology and a global team of experts. 

“CFC is an innovative, market-leading insurance business with a strong reputation in Australia and abroad,” he said. 

The British insurer established an office in Brisbane after acquiring Insane Technologies in 2021. It also has offices in Brussels in Europe and in New York, San Francisco and Austin in the US. 

The Solution Underwriting deal is expected to be completed by the end of this month.