CFC hires cyber specialist from Beazley

Specialist lines underwriting agency CFC has hired a senior executive from Beazley to lead its cyber, technology and media division.

Victoria Paxton joins as the practice leader for cyber, technology and media. Paxton has more than 15 years’ experience in the class of business most recently as Beazley’s senior underwriter for cyber focusing on US healthcare.

Previous to Beazley, she has worked at both Willis and Aon.

CFC has now been involved in the cyber insurance market for some 15 years.

Andrew Holmes, underwriting director of CFC, said: “We are delighted to welcome Vicky on board. Her appointment is part of a major investment we’re making in cyber and being able to attract one of the top underwriters from the current market leader is a real coup for us. I believe her appointment shows our commitment to bring on board leading industry professionals to drive constant expansion and innovation in existing lines of business as well as new areas at CFC.”

Paxton said: “I’ve always admired how CFC has been at the forefront of cyber risk and responsible for much of the innovation that we’ve seen in the market over recent years. It’s possibly the most dynamic class of business to be involved in as the risk landscape is constantly changing. I’m very excited at the prospect of being part of a business that is looking to push the boundaries in this area and others.”