CFC launches new solution to cover title to shares loss

CFC, a company operating in the space of cyber insurance and emerging risks, has introduced a new title to shares risk (TTS) insurance. This offering complements CFC’s buy-side M&A insurance, covering breaches in title and ownership during M&A transactions.

CFC’s TTS policy provides protection against standard fundamental representations and warranties (R&Ws) such as sellers not legally owning target company shares, undisclosed mortgages or charges on target shares, defects in title due to improperly registered previous documents, and non-compliance with shareholder consents.

“We are delighted to offer TTS insurance as part of a single buy-side R&W placement, meaning the quote to bind process is seamless, with brokers and clients only having to engage with a single underwriter to secure both R&W and TTS coverage.” – Angus Marshall, Head of Transaction Liability at CFC.

Established in 2016, CFC Underwriting specializes in various transaction liability areas, including real estate M&A and secondaries investments.