The company has also significantly increased its workforce over the past three years and currently has more than 500 employees in the United States, United Kingdom, Europe and Australia. Earlier this year, CFC launched its own Lloyd Syndicate. The group’s annual premiums exceed US $ 1 billion.
With the completion of the investment and regulatory approval, CFC will nearly double the number of shareholders of its employees from 175 to over 300. Employees remain the largest shareholding block in the company.
Dave Walsh, CFC’s founder and group CEO, said: “Both EQT and Vitruvian focus on high-growth tech companies, and their commitment to creating a positive impact through their portfolio is natural for CFC as an independent employee-owned business and in our spirit. EQT’s investment and Vitruvian’s reinvestment are a testament to CFC’s track record of strong and profitable growth, backed by employee expertise and a history of market-leading innovation. is.”
EQT partner Robert Maclean said: “Accelerating investment in core platforms is in perfect agreement with EQT’s future-proof corporate approach.”
“As CFC’s longtime partners and investors, we couldn’t work harder on our future path,” said Joe O’Mara, Vitruvian’s partner. “We witnessed first-hand what a remarkable business CFC is. A tribute to the leadership team, the culture they created, and the excellence and innovation that has kept CFC at the forefront of the insurance market. It’s an initiative. “
CFC Declares Large Investment | Insurance Business New Zealand
Source link CFC Declares Large Investment | Insurance Business New Zealand