23rd April 2018/ CFC NEWS
Royal Accolade for CFC Underwriting
CFC is proud to announce that Her Majesty The Queen has approved the Prime Minister’s recommendation that CFC should receive a Queen’s Award for Enterprise in the International Trade category.
Winners in this category are recognised for having demonstrated a substantial and sustained increase in export earnings over three consecutive 12-month periods, to a level which is outstanding for the products and services concerned, and for the size of the organisation.
With a track record of pioneering emerging risks and disrupting inefficient insurance markets, CFC has grown to become one of the fastest growing specialist insurance providers in the UK. From just one office in the City of London, the business provides its range of insurance products exclusively through authorised insurance brokers in over 75 countries around the world.
CFC was previously awarded a Queen’s Award for Enterprise in International Trade in 2013.
“Speaking on behalf of the entire team, we are incredibly honoured to once again be recognised by Her Majesty The Queen for our contribution to UK business in achieving substantial growth in overseas earnings,” says David Walsh, CFC’s founder and CEO. “We are an insurance exporter in the truest sense of the word. We don’t set up local operations or buy up the competition, we export. Last year we brought in over £150m in premiums to the UK from overseas customers who would normally have purchased their insurance locally.”
“At CFC, we are very proud that today 60% of our business is owned by management and staff. Our success lies in their passion, entrepreneurialism, dedication and sheer hard work to deliver remarkable products and service. This award recognises their efforts. I couldn’t be more proud of them and firmly believe that by continuing to support these qualities in our team, we will achieve our business goals.”
The Queen’s Awards for Enterprise have been operating in various forms since 1966, developing over the years into the UK’s most prestigious business accolade. Today, the Awards are widely recognised as a highly valued mark of excellence across many sectors in a diverse and competitive business market.