What’s happening?
US-based Resilience, a cyber risk insurtech has landed in London. As cyber attacks become a bigger headache for organisations around the world, the company is looking to maximise its growth potential having hired a plethora of experts from leading insurers in the UK.
Among these hires is Jack Jenner (previously at Zurich and Allianz) who will take on the role of Head of International Distribution and Strategy. They have also added underwriting experts from Allianz Global Corporate & Specialty, Chubb and Tokio Marine Kilm as well as former British armed forces member Simon West.
What the key players said
Vishaal Hariprasad, CEO and co-founder of Resilience: “The last couple of years made it clear: you can’t separate your cyber insurance from your cybersecurity if you want to manage your cyber risk correctly. We’ve instead got to break the silos and look at cyber risk holistically. Our goal is cyber resilience: continuously improving companies’ risk profiles by connecting their coverage with their cybersecurity plan to reinforce great cyber hygiene. What we propose is dynamic: reduce the risk, reduce the risk transfer cost, reduce the severity of a breach, reduce the risk to partners, and improve your business’s agility and competitiveness. That’s Resilience’s mission.”
Mario Vitale, President of Resilience’s Insurance Group:”To rewrite the rules of how companies manage their cyber risk, you need innovative thinking and a new approach to it. That’s why we’re so excited by our recent UK leadership hires, who integrate UK and European cyber underwriting expertise with British national cybersecurity experience. Every company’s cyber risks are interestingly both now unique and local, as well as universal and global. Our combination of expertise gives us the unrivalled ability to work with truly holistic thinking around a company’s cyber risk posture. And most of all, we are proud to always be broker-first – we roll up our sleeves and work with our broker partners to find the right solution for clients.”
James Franklin, Cyber Lead of HDI Global Specialty SE, UK: “We’ve been impressed by Resilience’s client focus and the leadership and underwriting teams they’ve assembled. This offering represents a commendable example of where well-established socio-technical security and insurance-based risk management techniques can come together.”
Source: https://insurtechdigital.com/pr_newswire?rkey=20220927EN84178&filter=21527&US%20CYBER%20RISK%20MGA%20RESILIENCE%20EXPANDS%20GLOBAL%20REACH%20WITH%20UK%20LAUNCH