CFC Underwriting secures deal for incident-response company

CFC Underwriting secures deal for incident-response company | Insurance Business

CFC Underwriting secures deal for incident-response company

Specialist insurer CFC has announced the acquisition of Solis Security, a Texas-based incident-response provider. The acquisition expands CFC’s in-house cyber incident response capabilities, the company said.

CFC has one of the world’s largest in-house cyber claims and incident-response teams, and has handled nearly 1,500 cyber claims this year alone. The addition of Solis Security deepens CFC’s bench of in-house experts, the company said.

“By joining forces with Solis, we’re able to greatly expand our market-leading cyber incident response service, providing customers with even faster resolution to their cyber events, greatly reducing their business downtime and costs,” said David Walsh, CEO of CFC. “Having worked closely with Solis over the years, we know they have one of the most technically skilled and experienced incident-response teams in the market, and we’re eager to bring them on board.”

“CFC is a cyber insurance provider that truly understands the challenges their clients face when it comes to managing and recovering from a cyberattack,” said Terry Oehring, CEO of Solis Security. “We’re excited to join the CFC team in offering cutting-edge cyber incident response services to our clients around the world.”