CFC folds affirmative AI cyber wording into its financial-institutions suite
CFC consolidated cyber, D&O, errors and omissions, professional liability, crime, employment practices liability and general liability into blended financial-institutions and investment-manager policies, adding wording confirming that “AI as a tool used against the policyholder, in phishing, reconnaissance, or intrusion, falls within existing cyber cover.” As with Beazley's endorsement the same day, the wording does not address whether the institution's own use of AI — in client-facing tools or trading models — is covered elsewhere.
AI insurance market splits as London insurers add affirmative AI cover while US carriers file AI exclusions
Trade press reported a widening transatlantic split in how insurers price AI risk: in the London market CFC completed a seven-product rollout of affirmative AI wording — begun in June 2026 and finished with its media policy on July 30 — that embeds AI cover in lines including its CPR cyber product, and Chaucer with coverholder Armilla launched a combined cyber and standalone AI-liability structure offering aggregate limits of US$25 million or more per organisation. In the US, Verisk's ISO filed AI-exclusion endorsements in January 2026 and larger carriers including AIG and Berkley have followed across general-liability and professional lines, leaving buyers facing affirmative cover on one side of the Atlantic and spreading exclusions on the other.