CFC, the specialist insurance provider has appointed Michael Phillips as Cyber Practice Leader.
On paper, Phillips will be based in New York.
As Cyber Practice Leader, Phillips will drive CFC’s cyber underwriting strategy and broker development in the US with a specific focus on CFC’s cyber product claims.
He joins CFC with nearly a decade’s worth of experience as a senior leader in the specialty insurance market.
Some of his previous roles include serving as Chief Claims Officer at Resilience, Head of Cyber, Media & Technology Claims at Allianz Global with responsibility for the North American market, and Tech Counsel at Beazley where he was responsible for taking care of Cyber and Tech Complex Claims.
In addition, Phillips was previously a litigator in commercial private practice for eight years and is a frequent writer on law and technology, published in The New Yorker, Buzzfeed and Bloomberg.
Additionally, Phillips also serves as Co-Chair of the Ransomware Task Force, drawing on public policy experience with the Clinton Foundation, the United States Senate and the Connecticut State Attorney General’s Office.
Phillips, commented on his new role: “CFC is a pioneer in cyber insurance, with a market leading proposition and an innovative approach to pro-active cyber protection. I look forward to working with their talented team to deepen cyber excellence and drive growth for our proprietary cyber solutions in the Americas market.
Shannon Groeber, CEO of CFC USA, said: “Michael brings deep industry expertise and an impressive track record in cyber underwriting and claims that will be invaluable as we continue to deliver our proactive cyber proposition in customers across the US.
“He joins an experienced bench of senior cyber leaders who ensure CFC remains at the forefront of the market, leading coverage, acquisition and cyber security services built to protect our customers against cyber risk.”