Estimated reading time: 2 minutes
London-based cyber insurance provider CFC is working with investment bankers to analyze strategic options, including a potential initial public offering (IPO) in the UK, reports the Financial Times (Life Insurance International has details from the FT on the potential public transaction; the FT story is paywalled). This cyber insurance IPO could drive a valuation exceeding £5 billion ($6.74 billion), according to the Financial Times. However, no final decisions have been made, according to the report, and any deal is unlikely to materialize before the second half of 2026, as discussions remain in early stages.
Private Equity-Backed Cyber Insurer
The company raised capital in 2021 from PE funds EQT and Vitruvian, when annual premiums were reported to top $1 billion. Since then CFC has reportedly refinanced more than $1 billion in debt.
Founded in 1999, Covers Cyber and Other Risk
CFC covers a variety of risks, but emphasizes its cyber capabilities. Its nearly 1,000 employees serve 150,000 customers in more than 90 countries, according to the company. It recently accounced an expansion in the US. Operating globally, CFC maintains nine offices and employs over 950 staff, serving approximately 150,000 customers, as noted on its website.
RELATED POSTS
