CFC opens Madrid office
CFC Underwriting, a leading cyber-focused managing general agent (MGA), has opened its first office on the ground in Spain.
Earlier this year, CFC strengthened its foothold in North America and Australia. Its new Madrid-based operation marks a further step in CFC’s strategy of expanding its global footprint to develop closer relationships and provide local expertise to its broker partners in key territories around the world.
CFC also announced the appointment of Ilaria Salvato as cyber European team leader. She joins from Beazley.
To lead the development of its new regional hub in Spain, CFC has appointed Filippo Cibin as team leader, Southern Europe, for CFC’s transaction liability business.
He joins from Fusion Specialty where he served as a partner and director of their European business. His career also includes stints at Dual and Tokio Marine HCC.
Cibin will be joined by Jorge Nieto Luque as senior underwriter focused on transaction liability, tax and legal contingency insurance solutions across Southern Europe
“We’ve built a strong network of brokers throughout Spain and Southern Europe over the past two decades and are experiencing increasing demand for our products and services. To meet that demand and further develop our client base throughout the country, it is the right time to establish boots on the ground,” said Louise O’Shea, group chief executive of CFC.
“Opening our new office in Madrid also allows us to build a hub from which to grow our presence across Southern Europe and in particular deepen our expertise in cyber and transaction liability in the Spanish, Italian and French markets,” she added.
