November 30, 2022
CEO Magazine’s Interview with C&F’s John Binder
Although Crum & Forster has been around for 200 years, it is harnessing innovation to remain at the forefront of the insurance industry, explains President of Commercial Lines and Executive Risk, John Binder.
New York City was still a cluster of low-lying buildings against a watery backdrop when Richard Whiley formed the North River Insurance Company in 1822. Just as the city has evolved over the 200 years since, so too has the company. Originally created to insure the flourishing city’s buildings, the company, now known as Crum & Forster, has gradually expanded its range of innovative risk and insurance products over the years.
It has grown to become one of the oldest premium insurance companies in the United States, now fully owned by Fairfax Financial with revenues of US$25 billion. But, ever forging forward, the company is now pushing the boundaries of the insurance world by becoming a market leader in cyber insurance, according to President of Commercial Lines and Executive Risk, John Binder.
Read the in-depth article written by Anne Majumar in CEO Magazine.