CFC, the specialist insurance provider and pioneer in emerging risk, today announced the appointment of Shannon Groeber to the newly created role of Executive Vice President.
Working from CFC’s office in New York, Shannon will be responsible for leading the business’s cyber strategy for its admitted cyber proposition.
Shannon joins the team from Marsh JLT Specialty where she was cyber innovation leader. A seasoned industry professional, her career includes five years at JLT Specialty as cyber and E&O practice leader.
“Shannon is a hugely respected and influential figure in the cyber insurance market, and I’m delighted that she has joined us to drive the development of our admitted cyber product in the US,” commented CFC Chief Executive Officer, Dave Walsh. “Our global cyber practice has been at the heart of CFC for the past twenty years and we’re proud to be considered as one of the leading underwriters of this class. The US is a massively important market for us and I couldn’t think of a better person than Shannon to lead and execute our cyber strategy for CFC in the US.”
CFC offers a full suite of market leading cyber insurance products backed by the world’s largest in-house team of cyber claims and incident response specialists. Most recently, CFC introduced a cutting-edge cyber insurance platform to revolutionize the online quote and bind process for SME cyber business. Using a single piece of client data, brokers can generate a comprehensive cyber insurance quote tailored to their client’s unique risk profile. This platform will be central to CFC’s admitted cyber proposition.
“CFC has been one of the pioneers of the cyber market and has consistently set the benchmark, both in the development of the cover it offers and in the claims and incident response service it provides,” commented Groeber. “Having worked closely with CFC’s cyber practice over recent years, I’m truly excited to become part of the team as we look to expand our offering in the US market.”
To learn more about CFC’s award-winning cyber insurance policies, visit https://www.cfcunderwriting.com/products/class/cyber/