Specialist insurance provider CFC has announced it has ‘in principle’ approval from Lloyd’s to create CFC Syndicate 1988, which will be managed by Asta Managing Agency Ltd. The syndicate aims to go live on 1st July and will write specialist, emerging and digital economy risks with a planned gross premium of over £100m in its first year.

Dave Walsh, founder and chief executive officer at CFC, said: “A CFC syndicate supports our ambitious, technology-driven roadmap by bringing new capital to the table and offering access to licensing and resources that only Lloyd’s can provide. We’re excited to broaden our partnership with Lloyd’s and look forward to supporting the Future at Lloyd’s vision.”

Julian Tighe, CEO of Asta, added: “We’re proud to partner with CFC to bring Syndicate 1988 to the market. Their ethos, strategy and focus on technology embodies the spirit of the Lloyd’s blueprint initiatives and is testament to our continued success in bringing innovation and modernisation to the market.”

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