CFC makes ‘significant hire’ to support growth strategy in US

CFC, a specialist insurance provider in the emerging risk and cyber market, has made a “significant hire” for a newly created role in New York to drive its distribution strategy across the US market.

Lori Marino (pictured) has been appointed as distribution leader, USA.

Marino joins CFC with over 20 years’ experience in senior leadership in insurance, including stints as senior vice president at ACE USA, Crum & Forster and Valiant Insurance. Most recently, Marino was head of carrier relations and revenue growth at PCF Insurance Services and continues to hold several non-exec directorships in insurance.

In her newly created role based out of New York, Marino will be responsible for broker relationship management and CFC’s distribution strategy across the US market.

“This is a significant hire that will support our wider growth strategy and have immediate impact on service delivery across our surplus lines and admitted businesses,” said Pat Brice, distribution director at CFC. “Lori will undoubtedly boost our US distribution and broker relationship capability, while working closely with our underwriting teams and the wider CFC business to ensure we continue to deliver an outstanding proposition for our US customers based on deep local knowledge.”

Shannon Groeber, CEO at CFC USA, added: “We’ve been serving US brokers and their customers for more than 20 years, and have grown our presence in the US market year on year over that time. We’ve reached a stage that warrants building out our US leadership team, and Lori’s deep industry experience and relationships will be incredibly valuable in helping us drive further adoption of both our surplus and admitted lines solutions throughout the country.”

Marino commented: “CFC has always been the challenger in the market to watch, whether as a trailblazer in cyber or shaking up specialty lines such as digital healthcare and IP. I’m looking forward to working with their talented team as we deepen broker relationships, develop specific products for the American market and extend CFC’s reach throughout the US.”

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