CFC Underwriting has announced that it has increased available limits of its transaction liability insurance product suite.
The specialist underwriting agency now has the capacity to offer limits of up to $50 million.
The product suite, fully backed by various Lloyd’s syndicates, is designed to protect M&A professionals across the country.
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Matthew Giddings, transaction liability practice leader, said that CFC has had a strong first trading period for the product, which was launched in April 2016, and noted that Australia is a key area for the global underwriting agency.
“Australia is one of the most developed markets for this particular product line and we continue to see high quality risks in the region,” Giddings said.
“The increase in our capacity is an endorsement of our proposition in this fast-growing and competitive sector.”
CFC Underwriting is a Lloyd’s MGA backed by 32 Lloyd’s Syndicates.
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