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
Source: Paige Estritori
Australian Tourist Secures Compensation for Air Ambulance From Bangkok 11 May 2024: .Paige Estritori A recent decision by a dispute resolution body in favor of a 74-year-old Australian traveler has emphasized the importance of clear communication and precise terms and conditions in insurance policies. This comes after the individual engaged in a tug-of-war with an insurance company over a $195,223 claim to cover emergency medical transportation from Thailand. - read more |
Marine Insurance Leader Club Marine Welcomes New CEO 07 May 2024: .Paige Estritori In a notable shift in its leadership ranks, Club Marine, a key player in the marine insurance market and subsidiary of Allianz, has officially instated Tim Wiles as its Chief Executive Officer. Wiles, having confidently steered the company since last November as interim CEO, has now been entrusted with the permanent leadership mantle. - read more |
NSW Review Sheds Light on Strata Sector Transparency 06 May 2024: .Paige Estritori The NSW state government has initiated a deep dive into the operations of a leading strata management firm. This move underscores a growing tide of demand for increased clarity and fairness in the industry. Responding to mounting public scrutiny, this investigation sets a new precedent in the regulation of property management entities. - read more |
Lifetime Financial Services Ban Upheld for Misconduct 03 May 2024: .Paige Estritori The financial industry has affirmed its commitment to integrity as a former insurance broker, convicted of defrauding clients, failed to overturn a lifetime ban on his financial services activities. Initially penalized for siphoning off clients’ insurance premiums for his own use, the advisor sought leniency to no avail. - read more |
Bellrock Enhances Advisory Services to Support Business Deals 03 May 2024: .Paige Estritori Bellrock has announced an expansion of its suite of services to encompass support for mergers and acquisitions (M&A) as well as contingent risks. The enhancement of these services comes amid an expected increase in M&A activities, demanding more specialized and creative risk management solutions. - read more |
How to Choose the Right Travel Insurance for Your Overseas Holiday Travel insurance is an essential component of any overseas trip, especially for Australians. While exploring new destinations and experiencing different cultures can be exciting, it's crucial to be aware of the potential risks and challenges that can arise along the way. From unexpected medical emergencies to lost luggage or trip cancellations, unforeseen events can quickly turn your dream holiday into a nightmare. - read more
|
Cut Costs, Not Experiences: How to Plan a Budget-Friendly Australian Road Trip Australian landscapes are a canvas of breathtaking vistas, and road tripping offers an intimate brush with this vast, picturesque continent. The allure of the open road, the freedom to explore quirky roadside attractions, and the opportunity to discover secluded spots creates an excitement unique to this mode of travel. - read more
|
Japanese Cherry Blossoms: An Aussie’s Seasonal Packing List for Spring Japan's springtime is an unfolding story of colour and culture that captures the hearts of travellers worldwide. As the winter snow melts away, the country is draped in a vibrant pink hue, heralding the arrival of the much-anticipated Sakura season. This period is not just a natural spectacle but also a timeless symbol of renewal and hope in Japanese culture. - read more
|
Top 10 Budget-Friendly Travel Gems for Aussies in Southeast Asia Welcome to a journey of discovery where the vibrant cultures, stunning landscapes, and rich history of Southeast Asia await. Australian travellers have long been captivated by the allure of our northern neighbours, seeking adventures that not only promise unforgettable experiences but also offer remarkable value for money. - read more
|
How to Save Money on Travel Insurance Without Compromising on Coverage Travel insurance is an essential component of any trip, providing protection and peace of mind for Australian travelers. Whether you are planning a short weekend getaway or an extended overseas adventure, unforeseen circumstances such as medical emergencies, trip cancellations, or lost luggage can quickly derail your plans and drain your finances. - read more
|