CFC to expand into contingency insurance market

Specialist lines underwriting agency CFC has appointed Matt Helm as contingency practice leader to spearhead CFC’s expansion into the contingency insurance market.

In this newly created role, Helm will direct his expertise towards defining and building CFC’s new specialist range of contingency insurance market products including over redemption, prize indemnity and event cancellation insurance.

Helm joins CFC from PIMS-SCA, a risk management company in the digital, gaming, lottery and sports markets where he was a board director and business producer and underwriter.

Andrew Holmes, CFC underwriting director, said: “The contingency market has vast potential and is a great fit for CFC. We don’t shy away from pushing the boundaries and tackling markets where businesses have huge financial exposures that need to be addressed with specialist products. With his extensive relationships across the digital, gaming, lottery and sports markets, as well as his board level management experience, Matt is well placed to spearhead our latest expansion and we are delighted to welcome him on board.”

Helm added: “I am excited at having the opportunity to bring a fresh approach to the contingency insurance market and develop this new practice for CFC. I have many ideas as to how we can deliver new levels of innovation in insurance and risk management for businesses in this sector of the market, and see real opportunity for CFC to become a leading player both within the UK and across the world.”